As per the latest reports doing the rounds since today morning, Facebook is all set to introduce its own digital currency next year. The crypto referred to as ‘GlobalCoin,’ is most likely to hit the market in the 1st quarter of 2020 officially. If everything goes according to the social ...

Operating within the sandbox since the start of this month, iSTOX is now onboarding its first batch of issuers and investors to enable trading of digitized securities on its platform from Q4 of this year, the firm announced in a Medium post Friday. The platform aims to more into full operation by ea...

New Zealand-based blockchain industry group BlockchainNZ announced that it will request a national blockchain strategy from the government next Thursday, according to a press release on May 21. The executive director of Blockchain NZ, Mark Pascall, will give a presentation to the New Zealand parliam...

Blockchain tech giant Bitfury partnered with major Kazakhstan-based financial hub to apply the technology across multiple industries, local government-backed newspaper The Astana Times reports on May 21. Headquartered in Nur-Sultan, the newly renamed capital of Kazakhstan, the Astana International F...

Financial Conduct Authority ("FCA") Executive Director for Strategy and Competition Christopher Woolard highlighted FCA efforts to promote innovation in the financial services industry. In a speech before the Innovate Finance Global Summit in London, Mr. Woolard described some of the FCA...

Shadow banking assets as a percentage of total financial assets within the country were at 14.3 per cent, in line with the global percentage of 13.7 per cent, a Fitch reports said on Wednesday. The figures assume significance as Indian shadow banking's rapid growth and reliance on short-term fun...

Contrary to what some news sources may want people to believe, WhatsApp has not decided to integrate support for Bitcoin and altcoins on its own. While that might be a development for the future, it seems more likely Facebook’s own digital currency will be integrated first. That is, assuming t...

SprinkleXchange, a stock exchange built on ethereum, is reportedly listing its first company next month. Sprinkle Group CEO Alexander Wallin told Bloomberg in an interview published Friday, “We have the luxury of being first with this, but we’re aware that it will become a crowded market...

As firms started to report their latest effects stocks moved broadly higher in early trading Tuesda Names including Hasbro, Lockheed Martin and Twitter all surprised Wall Street with earnings and strong profit. Analysts are watching corporate reports closely this week since they evaluate if quarter ...

Stocks dipped for the second straight week last week as both the S&P 500 and the Dow Jones Industrial Average reacted to escalating trade tensions between the U.S. and China. Indexes fell by less than 1% on the week, leaving markets still up by over 10% so far in 2019. Retailing stocks will step...

Blockchain infrastructure firm Blockstream announced the launch of its security token platform in a press release shared with Cointelegraph on May 15. Per the announcement, the new Liquid Securities platform is a solution for businesses to issue security tokens on the Liquid Network. Blockstream Chi...

Ripio, a startup that’s been working to boost crypto adoption in Argentina, is opening a new exchange platform for three Latin American markets. The exchange will operate in Argentina, Brazil and Mexico, though due to regulatory hurdles, only fixed-price purchases will be available for Mexican...

Opera is working to integrate support for Tron’s TRX and TRC-standard tokens in its browser-based crypto wallet. After the integration of the TRON blockchain is complete, the browser’s over 300 million users worldwide will be able to use the tokens within the browser, Opera said Wednesda...

Copper prices are signaling a stock-market sell-off may be brewing.The red metal has been the "single-best leading indicator for stocks over the past 18 months," and is flashing a warning sign for risk assets in general, according to a note put out on Wednesday by Tom Essaye, founder of Se...

Bitcoin (BTC) is currently trading at a price mark above $7000 in the cryptomarket. The bulls have been virtuoso, not degrading the rank Bitcoin has been maintaining since inception. Bitcoin alone is making it big and adding some $25 billion to the overall cryptocurrency market capitalization after ...

President Trump has a new calculation relating to his reelection and China tariffs. The calculation centers around a potential “President Biden.” Many investors have not caught on to the new calculation and may be stuck in the old paradigm. They ought to wake up for their own protection....

Marriott's move to compete with Airbnb's platform-based business model should be a wake-up call for banks and credit unions to get serious about digital innovation. Traditional players must disrupt their business model themselves or have new competitors do it for them. Here are seven ways to...

Shares in Japan’s SoftBank Group have been sliding for three straight days, and closed 5.4 percent lower on Tuesday (May 14), according to a report from Bloomberg. The company had made it a point to illustrate that it was the world’s largest investor in ridesharing companies, but after d...

Bitcoin climbed to the highest since September, briefly surpassing $7,000, as a rally in cryptocurrencies gathered pace in trading over the weekend. Bitcoin advanced 11% from Friday to $6,957.73 as of 9:01 a.m. Tokyo time, having earlier hit $7,585, according to Bitstamp pricing. The Bloomberg Galax...

Scrappy online financial startups have spent the past few years building buzz, backing and the beginnings of a customer base. For a while, the world’s banking giants largely ignored them. Now they’re starting to feel the heat-and fighting back with the most formidable weapon in their ars...

A privacy-centric startup has turned to a private token sale to raise $2.5 million. The seed round in Nym Technologies involved NEO Global Capital, Lemniscap, Edenblock and others. Binance Labs, where Nym completed a 10-week incubation program late last year, is also an investor. “Token sales ...

The price of a single bitcoin is currently approaching $8,000, continuing its stellar start to the year. Bitcoin is up more than 54% this year, and is spurring a handful of new ETF proposals.
As of 2 pm EST Monday, Bitcoin (BTC) was trading up 11.92% at $7,776.95. Tracking the trend of new Bi...

The ongoing debate over the future of branches in an increasingly digital banking world just got even more complex. Data from J.D. Power & Associates confirms that consumers that conduct their banking only by digital means are actually the least satisfied of all those surveyed. The most satisfie...

American blockchain startup Data Gumbo Corp. has raised $6 million from major energycompanies, including the venture wing of Saudi Arabian national petroleum and natural gas company Saudi Aramco. The news was published by energy-focused news outlet Worldoil on May 8. In a Series A equity funding rou...

The cryptocurrency, which has been on a wild ride that took it above $19,000 in December 2017 and as low as $3,136.04 in December last year, has clawed its way back to the highest level in more than six months. The asset was up 2.5% to $6,048.52 as of 9:46 a.m. in Hong Kong. “Bitcoin’s l...

The Wall Street Journal reported this morning that Bank of America is considering exiting its partnership with First Data: Bank of America Corp. is considering dissolving the huge payment-processing joint venture it has with First Data Corp. and developing its own business to move money between cons...

A cashless store that accepts cash—no, this is not a typo. That would be giant, French sporting goods retailer Decathlon that opened its first US store in California. Teaming with Boston developer NewStore, Decathlon provides an iPhone-based payment interface for in-store shoppers. While the s...

The majority of the stocks in the S&P 500 lost ground today as traders attempted to quantify and make adjustments for the uncertain risk they face with the Trump administration's tariff deadline looming at 12:01 a.m. Friday morning. The risk is uncertain because nobody knows if the Trump adm...

ABN Amro, Standard Chartered, ING and around 50 other banks and companies have participated in tests of a trade finance application called Voltron. The open industry platform was initiated by eight founding member banks with the aim of improving the trade finance process by simplifying letter of cre...

German mRNA biotech BioNTech has bought up MabVax Therapeutics’ cancer drug assets alongside much of its infrastructure and labs with the aim of building up a new research hub in San Diego and spreading its geographic reach. BioNTech is already at work on immunotherapies against cancer and oth...

Three weeks after striking a NASH partnership with Insitro, Gilead is turning its sights to diabetic kidney disease (DKD). In a $109 million deal, Gilead and Goldfinch Bio will use the latter’s Kidney Genome Atlas to identify and validate targets for DKD and “certain orphan kidney diseas...

Although the advent of cell and gene therapies is revolutionizing medicine, it is arguable that the therapies that have been approved to date in this area aren’t living up to expectations. They often come with sky-high prices and healthcare is still adjusting to how to provide access and reimb...

We all thought… even SIX initially suggested that the platform would include digital currency trading. However, it quickly rephrased itself, stating there was not yet a final decision on whether to include existing non-security tokens. A more solid indication of plans for the SDX came earlier...

The project behind a blockchain protocol designed to enable private internet browsing has raised another $7 million in funding, CoinDesk has learned. According to the company, Orchid Labs has now raised a total of $43 million on an offered $125 million in a pre-sale of a token that will power its st...

Whether you’re a crypto cat person or a doge fan, at some point you’re going to want to give crypto collectables a try. A new app called Editional by former Facebook employees John Egan and Zac Morris wants to create a place where you can create – and even sell – your first o...

A new blockchain-powered startup led by three physical scientists promises to paint the world in diamond dust. DUST Identity’s service, known as DUST Ledger, allows users to enroll all manner of physical objects onto a blockchain, the founders claim. The system uses a product called the Diamon...

The Federal Communications Commission (FCC) could one day use blockchain to monitor and manage wireless spectrums to support the growing requirements of the internet of things (IoT). With Juniper Research predicting that there will be 50 billion connected IoT devices and sensors by 2022, the agency ...

Food and beverage giant PepsiCo has conducted a blockchain trial that brought a 28 percent boost in supply chain efficiency. Dubbed “Project Proton,” the trial set out to examine if blockchain could address “industry challenges” in programmatic advertising. PepsiCo’s pr...

According to the DeVere Group, clients with a net worth of approximately $1 million or more are seeking deeper exposure to cryptocurrency. The ideas of trading, selling and purchasing bitcoin and related digital assets are becoming very attractive, and those with a lot of money in their bank account...

Recently, Live Bitcoin News reported on a new document submitted by Delphi Digital that suggested bitcoin’s price had officially bottomed out last December and wasn’t likely to fall any further. The report claims: We continue to believe the bottom is in. The one year+ holder rate during ...

Cryptocurrencies and blockchain have managed to penetrate the global markets like no other technology could ever do, except maybe the Internet itself. Satoshi Nakamoto created a ground of excellence on which several players have emerged, many fading away, some going on to become iconic.
In a ...

Microsoft will promote JPMorgan Chase’s Quorum blockchain to the global tech giant’s business customers, the companies announced Thursday. The Redmond, Washington-based software firm will support Quorum, JPM’s private enterprise version of ethereum, through Microsoft’s Azure ...

The London Stock Exchange (LSE) is taking a wait-and-see approach when it comes to blockchain, according to its CEO. Nikhil Rathi told CNBC in an interview published Thursday that the LSE has noticed several “interesting” ideas from rival stock exchanges and will see which ones “ga...

One of the most interesting and advantageous design aspects that pseudonymous creator Satoshi Nakamoto built into Bitcoin, was the “halving” – a pre-programmed point in time in which miners receive a reduced block reward of BTC for confirming transactions on the network. Each halvi...

Prices of the major cryptocurrencies were mixed on Monday morning in Asia, with Bitcoin gaining a little bit. Important news over the weekend included Finland passing a law to regulate crypto service providers. Bitcoin gained 1.36% to $5,309.4 by 12:02 AM ET (04:02 AM GMT). Despite the little gain t...

The latest update for Ethereum comes from ChainSecurity who recently announced its first fully automated verification for certifying custom functional requirements of Ethereum smart contracts. The newly released verification security is termed VerX by a company of Swiss security experts from ETH Zur...

Crypto companies have lately been taking inspiration from their traditional counterparts, especially in terms of laying down marketing strategies. The crypto space influencers and leaders mostly include people who are experts on the technical front but at as much effective in marketing, which makes ...

It’s often said that those who survive worst storms are the strongest creatures. Same can be said about crypto markets, after a devastating 2018, the market has moved on and is looking good, especially after Bitcoin ended its six months long losing streak in February this year. Without a shado...

The cryptocurrency wallet manufacturer Ledger could be working with smartphone manufacturers in order to be able to develop solutions for crypto users. The information was released by the CEO of the company, Pascal Gauthier in an interview with Breaker. Ledger Could Offer Solutions For Smartphones P...

Two Bitfinex shareholders said they were unconcerned by the New York Attorney General’s allegations that the cryptocurrency exchange lost $850 million of client and corporate funds. Zhao Dong, a Bitfinex shareholder who has tried to reassure the crypto community that the exchange is solvent an...

Ethereum developers announced today that funding has been approved to audit the hotly-contested code change known as Progressive Proof-of-Work or ProgPoW. Since February, developers have been gathering the funds necessary to back a third-party audit of the ProgPoW code. Today, during a weekly meetin...

Equity fundraising platform SeedInvest, which was recently acquired by cryptocurrency startup Circle, can now operate as an alternative trading system (ATS), the companies announced Friday. SeedInvest and Circle said in a blog post that the Financial Industry Regulatory Authority (FINRA), a self-reg...

Crypto loan platforms are booming as ether holders look to mitigate portfolio losses endured during 2018’s bear market. Among these decentralized finance (DeFi) applications, San Francisco-based startup Dharma Labs is emerging as one of the industry leaders by facilitating more than $6.4 milli...

Bitcoin’s failure to hold on to the gains above the 50-week moving average, currently at $5,477, could prove costly. A similar rejection in July 2015 was followed by a sharp sell-off. The daily chart is reporting a bearish divergence of the relative strength index, while short-term averages ha...

Genesis Global Trading’s cryptocurrency lending arm continues to grow – and diversify beyond short sellers. Announced Thursday, Genesis Global Capital wrote $425 million of crypto loans in the first quarter, bringing its total originations since the business launched in March 2018 to $1....

Sumitomo Mitsui Banking Corporation (SMBC), Japan’s third-largest bank by total assets, will launch blockchain-based trade finance services in the second half of this year. SMBC’s vice chairman Yasuyuki Kawasaki announced the news at a recent fintech seminar in Tokyo, saying that the ban...

If you know a little about cryptocurrencies like Bitcoin and you’ve ever questioned how they work, you’ve probably heard of the term ‘blockchain:’ the technology behind crypto coins. But what exactly is this technology, and what is its impact beyond cryptocurrency? There are ...

Decred (DCR) is an open-source cryptocurrency that is focused on development funding, on-chain governance, and consensus mechanisms. Launched in Feb 2016 by the Bitcoin developers, Decred’s main feature include attention to community input, consensus vote, open management, and stable financial...

Over the past few months, there have been some interesting changes as far as the number of Bitcoin transactions is concerned. After the massive spike taking place between early and late 2017, things have certainly taken a turn for the worse in the months after. This downward spiral also correlates w...

Ethereum Classic (ETC) is a new and upgraded version of Ethereum. The blockchain was launched after a hacker exploited a loophole on June 17th, 2016, where a total of 3.6 million ETH were stolen worth around $55 million during that time. Aimed to remedy the damages from the hack, Ethereum Classic (E...

Can a span of 24 hours do wonders? Not necessarily always. But certainly investors of Bitcoin can gawk at the wonders it creates in a span of 24 hours; anytime and every time. Bitcoin that started its day with crossing a 5600 dollar mark is now swinging around $5500. The oscillations faced in one da...

The official Twitter handle of Bitcoin Gold has recently posted that the users can now manage their Bitcoin Gold coins with ColdLar Hardware wallets. In the post, BTG touched upon points such as better management, a much more efficient interface for better user experience, ‘high-resolution scr...

In what we can term as a partnership for a cause, Dogecoin and Huobi have come together to extend their support to the Grateful Dogs Rescue. It is an organization based in San Francisco that rescues as well as offers shelter to dogs. Huobi in its official announcement on Twitter dated 23rd April 201...

Currently, Bitcoin’s market capitalization is a little under $100 billion. The current positive run is seeing the top-ranked crypto regaining some of the ground lost during the bear market of 2018. Bitcoin is currently enjoying a resurgence in 2019, up by more than 50 percent since the start o...

As local news outlet JoongAng Ilbo reported quoted by Korea Herald April 17, Disney is currently one of the major bidders for a 98.6 percent stake in Nexon, South Korea’s largest game developer and the second-largest online games publisher in the world. Nexon is 47 percent owned by NXC, the ch...

Investing.com - Bitcoin rose above the $5,545.5 threshold on Tuesday. Bitcoin was trading at 5,545.5 by 20:04 (14:34 GMT) on the Investing.com Index, up 5.00% on the day. It was the largest one-day percentage gain since Tuesday, April 2, 2019. The move upwards pushed Bitcoin's market cap up to $...

Lightning Labs, one of the largest bitcoin companies behind the upcoming scaling technology lightning, has released its first desktop app on the bitcoin blockchain. Previously the desktop app worked for bitcoin’s testnet — think fake bitcoins used to try out programs — but this is ...

Crypto lending startup BlockFi has gathered another $18 million of bitcoin and ether deposits since last month, bringing its total interest-earning accounts to $53 million. The company also lowered its minimum balance to earn interest on bitcoin from 1 BTC to 0.5 BTC and expanded its operations to I...

Presently, Bitcoin has been high over $5,000 level for the last few days; however, it could not move above $5,350. Tuur Demeester, the co-founder at Adamant Capital, tweeted that his firm has published its research report for bitcoin that demonstrates BTC is by and large heavily cumulated. Adamant C...

Spencer Bogart, a partner at crypto investment firm Blockchain Capital, argued in a new blog post that over the next two years Facebook, Telegram, and stablecoins will create the largest on-ramps to crypto that the Bitcoin industry has ever seen. FACEBOOK & TELEGRAM COULD FUEL RABID CRYPTO EXPAN...

Volkswagen Group has announced it will use blockchain tech to track its mineral supply chains.
The German automaker said Thursday that, in order to “responsibly source” minerals such as cobalt (used in lithium-ion batteries for electric vehicles), it has joined an open industry co...

Two weeks from now, token-holders for the Aragon application will put the efficacy of its on-chain governance model to the test. The Aragon project, launched in 2016, is envisioned as a way to offer users the tools to build decentralized organizations that are secured cryptographically and run nativ...

Overstock’s tZERO security token trading platform has once again failed to close on a capital injection by the targeted date. In a letter to shareholders Thursday, Overstock CEO Patrick Byrne said the $100 million investment led by Makara Capital and GSR Capital that was agreed upon in Februar...

Cryptocurrency exchange Coinbase brought in almost $520 million in global revenue in 2018, according to an estimate from Reuters. The news source based the figure on the exchange’s U.K. revenue, which grew 20 percent last year to 153 million euros ($173 million), according to a filing with the...

Bitcoin’s gains may not be parabolic, but the price is moving steadily higher. With BTC currently hovering at the $5,300 level, the mood around crypto has improved tremendously. Nonetheless, the bitcoin price continues to trade 75% below its peak. A new report by Adamant Capital suggests that ...

The bitcoin price could attempt a runup towards $6,800 in the near-term, according to one popular stock trading indicator. BITCOIN ON THE VERGE OF A BUMP-AND-RUN REVERSAL? MDubbed a Bump-and-Run Reversal (BARR), the pattern includes three crucial phases before an asset undergoes a full-blown breakou...

Started with a meme on Shiba Inu – a Japanese breed of dog – Dogecoin (DOGE) came into existence on Dec 6, 2013. Created primarily for digital tipping on sites like Reddit and Twitter for sharing quality content, Dogecoin is secure, decentralized and provide total anonymity. Billy Markus...

More than 100 organizations have come together to promote a global framework for the development of blockchain in a move seen as a turning point in gaining wider acceptance for distributed ledger technology. Well-known companies including Blockchain Army, AB InBev, Accenture, BBVA, Barclays, IBM, De...

Cryptocurrencies prices rose on Wednesday in Asia. News that Visa (NYSE:V) and Coinbase are forming a partnership to launch a cryptocurrency card received some attention. According to a Computer World report, the two companies are launching a new “Coinbase card” that would be be linked t...

Most Asian stock markets closed higher on Wednesday, following the release of better-than-expected economic numbers from China. Mainland Chinese shares were higher on the day. The Shanghai compositerose 0.29 percent to approximately 3,263.12 and the Shenzhen component added around 0.55 percent to ab...

Professional services firm Accenture and Italian insurance group Generali have launched a blockchain solution that brings employee benefits into the digital age. The product is aimed to streamline Generali’s Employee Benefits Network offerings, including insurance cover for life, disability, a...

Bitcoin (BTC) looks set to end April in the green for the fourth consecutive year, having confirmed a longer-term bull breakout earlier this month. The world’s largest cryptocurrency by market capitalization is currently trading at $5,200 on Bitstamp, representing a 27 percent gain on the mont...

Oil prices rose on Wednesday, supported by concerns over tightening global supply due to U.S. sanctions and fighting in Libya, as well as an unexpected fall in U.S. crude inventories. International benchmark Brent crude oil futures rose 21 cents, or 0.3 percent, to $71.93 a barrel by 0034 GMT. Brent...

Stocks in the Asia were mixed in Wednesday afternoon trade, following the release of better-than-expected economic numbers from China. Mainland Chinese shares were higher by the morning session’s end, with the Shanghai composite rising fractionally and the Shenzhen component adding about 0.21 ...

The pan-European STOXX 600 index closed provisionally almost 0.4% higher, with most major bourses and sectors in positive territory. Looking at individual stocks, shares of German online retailer Zalando rose to the top of the European benchmark, gaining nearly 11% after the firm said it expected to...

San Francisco-based Kraken announced Tuesday that it will no longer support BSV, citing both community sentiment and ongoing litigation filed against the exchange by the coin’s advocates.
Kraken will disable BSV deposits on April 22, trading will cease on all trading pairs April 29 and,...

The test network for the Algorand blockchain platform has been made publicly accessible, the company behind the project announced Tuesday. The proof-of-stake based Alogrand was first unveiled by MIT professor and Turing Award winner Silvio Micali in 2017. Over the course of 2018, the initiative nett...

The fifth-largest bank by assets said it plans to grow retail deposits by $10 billion a year and shift more business into its banking units to lower its funding cost by one percentage point. Top executives also explained in more detail how they plan to make Goldman Sachs m...

Still, Citi improved its results in ways, including expense cutting, that may be tough to replicate in future quarters. A lower tax rate also played a big role in Citi’s improvement from a year ago. The bank’s income from continuing operations declined slightly. On a call with reporters,...

Businesses grow, industries expand, and individuals become rich. But in the journey, many a time the society gains nothing from them. Most business sectors pay less or almost no attention to fulfill social obligations, which makes often dehumanizes businesses.Fortunately, the cryptocurrency industry...

Cryptocurrency market has been on a rollercoaster ride ever since the launch of Bitcoin about a decade ago. The market had its fair share of ups and downs and survived the worst climates, which only made it stronger. However, the market faced the worst ever bears last year, when almost every cryptoc...

Things got off to a powerful start early this month after bitcoin, the father of crypto, decided it was time to spike beyond $5,000. The currency had been trapped in the doldrums for well over a year, falling from its $20,000 high in December 2017 down to the mid-$3,000 range by Thanksgiving of 2018...

Japan’s Nikkei share average rose on Friday but was little changed for the week, as many investors stayed on the sidelines ahead of the U.S. and domestic earnings season and an upcoming 10-day holiday in Japan. The benchmark Nikkei ended the morning session at 21,841.90, up 130.52 points, or 0...

A group of ethereum’s veteran open-source developers discussed the subject in a bi-weekly meeting Friday, wherein they aired the possibility that system-wide upgrades, also called hard forks, to the software could be enacted as often as every three months. Wanting to “check the temperatu...

Resona, one of the three Japanese banks working with SBI Holdings and Ripple on their cash transfer app Money Tap, is pulling out of the project. The bank – Japan’s fifth largest – announced the decision on Thursday, saying that it would cancel the remittance service provided throu...

Just-launched blockchain technology startup Horizen Labs has raised $4 million in a seed funding round.
Participating in the round were VC firms Digital Currency Group (DCG) and Liberty City Ventures, as well as other independent investors. The U.S.-based startup had initially been looking to...

The world’s biggest business organization is making blockchain technology available to its 45 million members, including Amazon, Coca Cola, Fedex, McDonald’s and PayPal. Announced Thursday, the 100-year-old International Chamber of Commerce (ICC) has partnered with Singapore-based blockc...

Bitcoin’s price is up just over one percent on the day, trading at around $5,272 by press time, according to CoinMarketCap. Looking at its weekly chart, the current price is about 4% higher than $5,038, the price at which Bitcoin started the week. As Cointelegraph reported earlier today, the J...

After reportedly closing a £100 million funding round, digital challenger bank Monzo will see its valuation double to nearly £1.9 billion and become the UK’s second most valuable fintech startup, Jane Connolly reports. Monzo secured £85 million in funding to take its valuatio...

Following the purchases, made at NOK 158 ($18.58) per share, 37% of Oslo Børs VPS shares are now owned by Nasdaq or are subject to pre-commitments to accept the offer. The news comes three days after the Financial Supervisory Authority of Norway made a recommendation to the Ministry of Financ...

The round was led by SBI Investment, a subsidiary of SBI Holdings, the biggest internet financial group in Japan formerly known as Softbank Investment. SBI Investment invested £1 million from the SBI AI and Blockchain Fund. An additional investment of £500,000 from existing Angel investo...

The insurance is fully digital and can be hired with “just a few clicks” on the app. This new offering is meant to complement the international capabilities of the BNext card, which doesn’t charge fees for payments or money withdrawals abroad. “We wanted to launch an affordab...

Bitstamp, one of the most popular exchanges in the market, has received the BitLicense to operate in the State of New York. The license has been granted by the NY State Department of Financial Services (DFS). The information was released by the agency in a recent press release. Bitstamp Receives Bit...

The bank has worked with Integral since 2014 to provide their clients with a bespoke single dealer platform, before requesting a mobile trading app to serve their institutional and corporate customers.
“The banking industry is becoming increasingly mobile, so our customers expect us to ...

Ripple (XRP) has focused on expansion in the payments space, and the governing body, Ripple Labs have been striking several partnership deals for the same. The network is working hard to realize its aim of becoming the leader in the global digital token remittance platform. One such partnerships of ...

There are different sources that suggest that Facebook could be searching for $1 billion in funding to start the development of its crypto and blockchain projects. According to Nathaniel Popper, technology reporter at the New York Times, sources told him that Facebook is contacting VC firms to inves...

The dollar was shackled on Tuesday by a combination of weak U.S. economic data and gains for commodity-linked currencies such as the Canadian and Australian dollars which drew support from an extended surge in crude oil prices. The dollar index against a basket of six major currencies inched down 0....

Asia has been an essential player in the realm of cryptographic forms of money with a significant number of nations driving the path in adoption, improvement and governing the market. China is at present is responsible for the excess of 50 percent of the worlds mining hash, and produce a lot of coin...

In the past seven days, Bitcoin cash (BCH) has been taking the lead role in the crypto market rally. It has shown major crypto growth goals this week. It has recorded a great jump of 50 percent within a day’s time span on 2nd April. This has pushed the Bitcoin cash into the top five digital co...

Bitcoin is a virtual currency without a central bank which can be transferred from one crypto trader to another on peer-to-peer bitcoin network without the help of intermediaries. It was founded by Satoshi Nakamoto As per the Google Trend Data, Google searches for the world’s largest cryptocur...

Co-founder of Ethereum Vitalik Buterin and similar lawmakers group have asked the South Korean government to restrict the blockchain industry. They believe that the existing laws are highly restrictive and will hamper innovations. Reports say that the Buterin spoke about the matter during the South ...

Trading back above $5,000, more eyes are on the world’s largest cryptocurrency, bitcoin, than have been in nearly 19 weeks, a fact affirmed as worldwide Google searches for “bitcoin” currently hover at levels not seen since Nov. 20. Google Trend data reveals the spike in searches w...

The startup Radar, which raised $10 million in a series A funding round last year, has revealed a new suite of tools for developers working on the lightning network, bitcoin’s second layer for scaling payments.To be released at the Boltathon hackathon, the developer tools include a configurati...

Electronics giant Bosch and Austrian power supplier Wien Energie have come up with a blockchain refrigerator aimed to allow consumers to monitor and control electricity consumption. The device demonstrates how households will in the near future be able to control their power usage in a “safe a...

Bitrefill has launched a new service that seeks to simplify the process of setting up payment channels on the lightning network, the experimental, layer-two initiative being built on top of bitcoin. Demoed for the first time Friday at the Understanding Bitcoin conference in Malta, the new service &n...

Russian state-owned gas giant Gazprom could soon to begin using blockchain to execute and monitor business contracts.The firm’s CEO, Alexey Miller, announced the news at a meeting with Russian prime minister Dmitry Medvedev Wednesday, saying Gazprom is now “ready to start implementing th...

Cryptocurrency exchange Binance is launching a new fiat-to-crypto exchange in Singapore later this month.The news was announced Thursday by Binance CEO Changpeng “CZ” Zhao at the Deconomy event in Seoul, South Korea, in a tweet on the exchange’s account that said: Binance Singapore...

SWIFT, IBM, Ripple and around 100 other firms and organizations have joined a new blockchain association to promote adoption of the technology across the EU. A European Commission initiative, the new group – the International Association of Trusted Blockchain Applications (INATBA) – is l...

Wetez is a crypto wallet application developed on Tezos blockchain, gives fundamental features to the utilization of Tezos token (XTZ) and the perfect token in Tezos blockchain, which includes storage, receiving and sending, particularly one button assignment. Features Wetez regards security and sim...

Through its partnership with Canadian technology startup Block Station, the Jamaica Stock Exchange has agreed to list both bitcoin and ether tokens as part of a trial designed to test both cryptocurrencies’ popularity on the island. Both the stock exchange and Block Station have been in cahoot...

Bitcoin cash has surged recently, climbing upwards of 100% since Monday morning and leaving other top cryptocurrencies in the dust. This digital currency, a fork of the original bitcoin, skyrocketed to $324.57 today,CoinDesk price data reveals. At this point, it was up roughly 94.4% from its Monday ...

This is a question on the mind of everyone in the cryptocurrency world. Thanks to an increase in cryptocurrency acceptance, people from every walk of life are looking to get their piece of the pie. Cryptocurrency has also intrigued business owners as it increases their customer range. If you are loo...

Shares in Asia were muted on Thursday afternoon as investors watched ongoing negotiations between the U.S. and China, with the two economic powerhouses reportedly closer to striking a deal to end a protracted trade dispute. Mainland Chinese shares ended the morning session higher, as the Shanghai co...

Andreessen Horowitz’s cryptocurrency fund A16z Crypto and venture capital firm Polychain Capital have invested $25 million in cryptocurrency payments startup Celo. Celo announced Tuesday that the two investors have purchased $15 million and $10 million in the project’s Celo Gold tokens, ...

Almost 30 percent of the equity in WEG Bank AG, a previously obscure German bank focused on the real estate industry, is now owned by companies in the cryptocurrency industry, CoinDesk has learned.
By purchasing 9.9 percent of the bank, blockchain startup Nimiq now joins TokenPay and the Lite...

Andreessen Horowitz can now back crypto startups with potentially up to $1 billion, after reportedly making some recent internal changes. The company’s founders – Marc Andreessen and Ben Horowitz – told Forbes that they had registered all of its 150 employees as financial advisors,...

Bitcoin’s price emerged above three major moving averages for the first time in nearly 15 months on Tuesday. The development is a byproduct of the cryptocurrency’s surge above $5,000 during Tuesday’s trading session, representing an increase in excess of 20 percent. A moving averag...

Bucking the 2019 trend of fundraising on equity, one startup has completed a substantial token presale.
Harmony announced Tuesday that it raised $18 million from an array of investors that includes Hong Kong’s Lemniscap VC, Australia’s BCA Fund, Singapore’s UniValues Associa...

“It’s primarily designed as an educational resource for customers to learn about the benefits of using crypto for cross-border payments,” the representative said. Coinbase appears to be offering a “fast and free” payments service for its users, according to the Coinbase...

Japanese cryptocurrency exchange Coincheck has launched an over-the-counter (OTC) cryptocurrency trading service aimed at institutional clients, the firm said Monday. While the service seem primarily to serve bitcoin trades, Coincheck said it will consider trades in other cryptocurrencies. Coincheck...

HSBC Global Asset Management (HSBC) has introduced enhancements to two of its fixed income mutual funds, aiming to better align them with common US allocation models. The HSBC Strategic Income Fund (HBIAX, HBIIX) and the HSBC High Yield Fund (HBYAX, HBYIX) will increase their focus on US markets wit...

Female-focused digital investment platform Ellevest has raised $33 million in a new funding round led by Rethink Impact and PSP Growth, reports Jane Connolly. “When the status quo isn’t meeting women’s needs, it deserves to be disrupted” According to TechCrunch, the platform ...

Bitcoin has surged to its highest level this year in what some perhaps prematurely are arguing is a return to form for the cryptocurrency after a horrible 2018. The price of bitcoin was trading at $4,116.65 as of 11:20 p.m. EDT, a higher level than its previous yearly high Feb. 28 and prior to that,...

Litecoin’s (LTC) price has doubled in the first three months of 2019 to register its best first-quarter performance on record. The fourth-largest crypto currency by market capitalization is currently trading at $61, representing a 100 percent gain on January’s opening price of $30. It cl...

Gold prices inched up on Monday as the dollar backed off three-week highs, but gains in the metal were limited as equities rose on signs of progress in the Sino-U.S. trade talks and upbeat Chinese economic data. Spot gold was up 0.1 percent at $1,293.15 per ounce by 0337 GMT, after touching its lowe...

Ripple, one of the most popular companies in the cryptocurrency space, has signed a deal with Federal Bank, one of the leading banking institutions in India. The goal behind this partnership is to improve cross-border payment services. The information was released by the Federal Bank on March 28. Th...

RCI Bank, a new savings bank based in the UK’s county of Hertfordshire, has obtained a full banking licence.“As a French bank with a British home, we’re extremely proud of this milestone because we’re committed to being here for the long term, offering our customers competiti...

Commercial transactions have been carried out digitally and processed using the trade finance network Marco Poloon R3’s Corda blockchain platform for the first time, reports Jane Connolly.
LBBW and Commerzbank announced they have “reached a milestone” in the digitalisation o...

Rewire, the fintech that developed a banking platform for migrants, has completed a Series A investment round of $12 million. This latest round, led by venture fund Viola Fintech, is supported by new and existing investors, including BNP Paribas through their venture capital fund Opera Tech Ventures...

Crypto adoption could improve with the help of Japan’s largest railway company JR East. The firm is currently considering the possibility to support virtual currencies in the country. At the same time, the company is analyzing the effects of launching a stablecoin for individuals to pay for th...

It took around 24 hours for Bitcoin (BTC) to drop under $4,000 and come back to the same price level. On March 25, Bitcoin fell under $3,950 and a few hours later, it grew again and reached $4,080. This shows that there is a large number of investors purchasing Bitcoin under $4,000. Bitcoin Remains ...

The U.S. branch of the Huobi Global crypto trading marketplace is courting big-money investors with the introduction of a new institutional team. Announced today, the new group at HBUS will be headed up by Katelyn Mew, a veteran of asset management powerhouse BlackRock and discount brokerage Charles...

Trustology, founded by technologists who previously worked at such banks as BNY Mellon, RBS and Barclays, has launched an iPhone-controlled crypto vault it claims is secure enough for financial institutions. Announced Wednesday, the first version of TrustVault is available for download at the Apple ...

Bitcoin (BTC) has once more rebounded from the 30-day moving average, thwarting a bearish move that saw prices drop below $3,920 on Monday. The move sees the crypto market leader return from uncertain ground 24 hours ago, having dived out of the $3,920-$4,055 trading range on Monday. That range brea...

The first new bank to receive a licence in Russia in four years has been created for businesses that earn online and spend online, reports Jane Connolly. Set up by Dmitry Eremeev – who has founded a number of internet companies under the FIX brand – Bank 131 won’t employ traditiona...

But Goldman is entering a crowded market for co-branded cards where retailers often have the upper hand, and analysts question how much tolerance its shareholders will have for growing the bank’s fledgling consumer business through credit card lending. Goldman has been courting consumers since...

Business Factors & Finance, a well-known fintech services company operating in the US and Canada, announces the launch of Freight Payment Shield, a premier payment protection service for trucking and transportation companies, as well as for small and medium-sized enterprises (SMEs) sending and r...

OMGFIN, an Estonia-based exchange platform, has announced today that it will be extending its list of supported crypto currencies by adding support for Ripple (XRP). OMGFIN is a licensed and regulated crypto exchange which is based in Estonia which aims to create a trading system that is based on yo...

Financial technology provider Amount has announced a strategic partnership with TD Bank to support its digital lending services, reports Jane Connolly. Launched in August 2018, the US bank’s TD Fit Loan allows some customers to apply for unsecured instalment loans of up to $35,000 online or th...

The customer is the Green Deal Finance Company (GDFC), originally a UK government scheme which now a privately-owned lender is supporting homeowners to invest in renewable energy and other environmentally-friendly products. The selection at GDFC was “good timing for us and accelerated our rout...

The Apple Card will sync with iPhone’s users’ Apple Wallet and work through its payment system Apple Pay, said Jennifer Bailey, vice president of Apple Pay. She spoke in Cupertino, California, where the company also announced the launch of a streaming television service and an online gam...

Winners of the JPMorgan’s first AI Research Awards will study the use of AI and machine learning in areas including investment advice, risk management, digital assistants and trading behavior. The bank declined to disclose the size of the grants. JPMorgan and other financial institutions have ...

Stocks in Japan bounced back partially on Tuesday afternoon after the previous day's heavy losses as concerns over the global economy weighed on investor sentiment. Following its Monday tumble, the Nikkei 225 rose 2.13 percent in afternoon trade, with shares of robot maker and index heavyweight ...

Sending bitcoin lightning payments over the web might soon get easier. That’s because a new bitcoin standard for simplifying lightning payments, the open-source WebLN standard, is gaining traction, now being used by Lightning Joule and Bluewallet, two of the more popular lightning wallets, as ...

Cryptocurrency exchange OKEx is developing its own blockchain a decentralized exchanged, according to a blog post published on March 22. Per the post, OKEx has been developing its own blockchain dubbed “OKChain,” which is now purportedly in the final development stage. The company expect...

If you're looking to triple your money overnight, the insurance industry isn't for you. While the insurance industry has produced spectacular results for shareholders over time, insurers are best characterized as steady wealth builders than stocks to buy and flip for a quick profit. Investor...

U.S.-based shipping giant UPS has announced a new blockchain integration aimed to bring business-to-business (B2B) sales into the digital age. Announced yesterday, UPS has inked a deal with e-commerce company Inxeption to develop a platform to facilitate business-to-business sales, one supported by ...

The Tor Project, a digital anonymity-focused nonprofit, is now accepting cryptocurrency donations directly, with donors able to take advantage of nearly 10 different options to send funds. A donations page on Tor’s website with a list of crypto addresses has been available since March 18. Tor ...

Duke University is teaming up with blockchain startup Citizens Reserve on an educational initiative aimed to develop students’ interest in blockchain technology. Citizens Reserve, a firm led by a team of former Deloitte blockchain employees, told CoinDesk Friday that it will jointly create a n...

Anders Fogh Rasmussen, previously both prime minister of Denmark and secretary-general of NATO, has joined blockchain identity startup Concordium as a strategic advisor. Ian announcement Wednesday, the Switzerland-based firm’s chairman, Lars Seier Christensen, said Rasmussen will play a &ldquo...

Lightning Labs has released a new feature aimed at improving the usability of the lightning network, a bitcoin payment channel technology aimed at scaling the cryptocurrency. Called “Lightning Loop,” users will now be able to receive bitcoin in increasing quantities without having to clo...

The platform aims to help SMEs better understand their financial position and potential risks, by using the credit data provided by Credit safe. This offers insights into the financial health of customers and suppliers. “It’s very clear how crucial cash flow awareness is for the health a...

The banks – Banco Sabadell, Banco Santander, Bankinter, BBVA, Caixabank and Group Cooperativo Cajamar – account for 85% of Spain’s cross-border payments. Described as the most significant development in cross-border payments in the last 30 years, Swift gpi claims to have transferre...

Payments Startup Square plans to hire a number of engineers and a designer to work on its crypto initiatives, according to tweets from CEO Jack Dorsey. Dorsey, who also founded and runs Twitter, announced Wednesday evening that Square plans to hire three or four engineers and one designer “to ...

Housing Opens a New Window. oftentimes takes a large percentage out of Americans’ income Opens a New Window. – across every demographic. It was ranked as the top expense among individuals of all generations, from Gen Z to Baby Boomers, according to recent findings from GO Banking Rates, ...

Japan is putting in place new, stricter rules for cryptocurrency margin trading from next year.
According to a report from Nikkei Asian Review on Tuesday, the Japanese Cabinet, the executive agency of the country’s government, has approved draft amendments related to financial instrumen...

Blockchain staking startup Bison Trails has raised $5.25 million in a series seed funding round backed by Mike Novogratz’s Galaxy Digital. Announcing the news on Friday, Bison Trails said the round was led by Accomplice and Initialized Capital, with Notation Capital, Homebrew, Distributed Glob...

Enterprise blockchain startup Digital Asset (DA) has named co-founder Yuval Rooz as the company’s new chief executive officer. Rooz, who has served as both COO and CFO at the firm, takes over from acting CEO AG Gangadhar, who stepped in when its iconic leader Blythe Masters left last December....

Financial solutions provider, VSoft, has launched a version of its core banking system, Wings, for the US.
The company, which is based in Georgia in the US and Hyderabad in India, is best known for its payment processing systems. However, it has added to its product suite over the years, with...

The platform is designed to support regulated professions – such as legal, accountancy and insurance firms – who need to safely segregate their clients’ monies to comply with industry best practices and regulatory standards. By using one centralised platform, the bank claims that c...

Bithumb, the largest cryptocurrency exchange in South Korea, plans to cut its staffing levels by up to 50 percent, according to a CoinDesk Korea report issued Monday, a move that would reduce its number of employees from 310 at the start of March to around 150. When reached, an official at the compa...

Overstock has put off plans to sell its flagship retail business, delaying a large cash infusion that it was hoping to get for its portfolio of blockchain ventures. The company had originally aimed to sell the e-commerce business by the end of February, but on a conference call to discuss fourth-qua...

It’s no secret that the cryptocurrency industry has a checkered history with unbelievably audacious heists. And now, Shuttle Holdings and IBM have announced the launch of a new HSM-based security solution to mitigate this problem. The system, which has been extolled as a paradigm-shifting inno...

U.S. stock indexes today trimmed gains in late morning trade Monday, unable to borrow much from the Shanghai composite's 2.47% thrust. China's stock market closed at the day's high in heavy volume. The Shanghai exchange is 13 hours ahead of Wall Street. The South China Morning Post and C...

Stocks hit a new high for the year this week, back on track to match a post-election pattern that has stood the test of time. The stock market has risen in the year after all 18 midterm elections since World War II, with the S&P 500 delivering an average return of 14.5 percent, according to LPL ...

Morgan Stanley agreed to sell a business that administers its alternative investment feeder funds to iCapital, a financial technology firm run by a former Goldman Sachs banker. ICapital will assume oversight of 115 Morgan Stanley feeder funds, which invest in private equity, hedge funds and real est...

The S&P 400 Mid-Cap index has surged to its best start to a year since 1991, both rewarding fund managers and forcing them to work harder to seek out bargains in a group that is now the most expensive part of the U.S. market based on their historical averages. The rally in mid-cap stocks - compa...

Riot Blockchain is planning to launch a regulated crypto exchange in the U.S. The publicly traded U.S. company that has faced regulatory issues for a sudden pivot to blockchain, revealed in a filing with the U.S. Securities and Exchange Commission (SEC) Friday that the new entity will be called call...

Federated Investors Global Equities CIO Steve Auth and Oberweis Asset Management President Jim Oberweis on whether investors should be concerned about Boeing’s stock after President Trump ordered all Boeing 737 Max jets to be grounded and the U.S.-China trade deal. U.S. stocks Opens a New Wind...

The Stock Exchange of Thailand (SET) has confirmed it’s building a digital assets platform that it expects to go live next year. Saying it is “ready for digital tranformation,” the SET announced Wednesday that it will work “closely and collectively” with all stakeholder...

Kaleido’s software-as-a-service blockchain solution now works on Microsoft Azure as well as Amazon Web Services (AWS). According to an analysis by Keybanc reported by CNBC, the move now gives Kaleido clients access to more than 80 percent of cloud infrastructure clients, with support for the t...

Bitcoin is lacking clear directional bias for a ninth straight day, neutralizing the bullish view put forward by a long-tailed doji candle created on Feb. 27. As a result, a return to levels below $3,700 cannot be ruled out. A UTC close above the March 9 high of $3,950 would revive the short-term bu...

Chinese Vice Premier Liu He spoke by telephone with U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer, with the two sides making further substantive progress on trade talks, Xinhua news agency said on Friday. [nB9N20G02G] Yet, the prospect of the trade talks taki...

Wells Fargo boosted Chief Executive Officer Tim Sloan’s compensation by 5.7% to $18.4 million for last year as the bank has worked to overcome multiple scandals. Sloan got $2.4 million in salary and $14 million of restricted stock linked to performance goals, the San Francisco-based bank said ...

Where there’s a long line for beer today, there could one day be a Civic vending machine. At its booth at SXSW Wednesday, the decentralized identity startup Civic was on hand to showcase three vending machines selling local staples – Shiner Bock and Austin Amber beer. The demo is a test ...

Gerald Cotten, the deceased founder and CEO of crypto exchange QuadrigaCX, used his own cash to make customers whole during a legal battle with a bank, his widow said. Jennifer Robertson, Cotten’s wife and executor of his estate, said in a statement sent to CoinDesk Wednesday that Cotten told ...

Coinbase Custody has just completed its first over-the-counter (OTC) trade directly out of cold, or offline, storage. Announcing the news in a blog post on Wednesday, the San Francisco-based cryptocurrency exchange said the trade occurred after its Custody service had been “directly integrated...

The slowing economy is helping keep inflation tame, with other data on Wednesday showing producer prices barely rising in February, resulting in the smallest annual increase in more than 1-1/2 years. This environment supports the Federal Reserve’s wait-and-see approach to further interest rate...

Aurora Cannabis Inc. led a rally in cannabis stocks Wednesday, after the company said it’s hiring hedge-fund manager Nelson Peltz as an adviser with the aim of sealing new cooperation agreements and expanding globally.The stock (ACB)(CA:ACB) was last up 11.7%. Peltz, the founder of Trian Fund ...

Malta is turning to crypto sleuthing startup CipherTrace for technical help addressing the risk of financial crimes in its licensed digital asset industry. The Malta Financial Services Authority (MFSA) announced March 11 that it would integrate CipherTrace’s Compliance Monitoring product to &l...

A widely-followed bitcoin (BTC) price indicator is about to turn bullish for the first time in seven months.
Bitcoin’s 50-day moving average (MA) – currently located at $3,669, according to Bitstamp data – could soon move above the 100-day MA at $3,670. The event would confi...

JPMorgan Chase JPM has announced that the JPMorgan BetaBuilders U.S. Equity ETF, which will make its debut tomorrow, is expected to have a fee of 0.02%. With this, the company will launch America's lowest-fee exchange-traded fund yet to be offered, pushing the fee war to lower levels.By reducing...

The Dow Jones Industrial Average fell Tuesday as shares of Boeing posted another sharp decline amid worries over the safety of one of its most popular airplanes. The 30-stock index closed 96 points lower, with Boeing shaving off more than 150 points. Boeing shares fell more than 6 percent, eclipsing...

Investment management company Invesco is launching a blockchain exchange-traded fund (ETF) on the London Stock Exchange today. For the effort, Invesco has partnered with London-based Elwood Asset Management, an investment firm specializing in digital assets, to launch the product called the “I...

Ground X, the blockchain subsidiary of South Korean messaging giant Kakao, has raised $90 million in a private coin offering. As reported by Bloomberg on Monday, Ground X CEO Jason Han said that IDG Capital, Cresendo Equity Partners and Translink Capital had participated in the round. The firm is al...

Switzerland’s primary stock exchange SIX could soon list another crypto currency-based exchange-traded product (ETP), which will track the price of XRP, the third largest crypto asset by market capitalization. Hany Rashwan, co-founder and CEO of the Swiss company Amun AG – which already ...

These are potentially explosive stocks. All investors who buy anything other than strictly index funds are hunting for the best cheap stocks to buy. In one sense, a stock is simply cheap if it trades for less than it should, but the names on this list are cheap in another sense, too – less tha...

U.S. stocks lost ground for five straight days last week, but the pain dealt to the major benchmarks was nothing compared with those felt by small-cap stocks.While the S&P 500 index SPX, +1.47% and the Dow Jones Industrial AverageDJIA, +0.79% both lost 2.2%, the small-cap tracking Russell 2000 R...

The German Ministry of Finance has recommended that the country recognize blockchain-based securities as a legitimate form of financial instrument and regulate them as such.In a paper published Friday, the agency said securities can be issued in electronic form and shouldn’t have to be documen...

t all started with a keynote conversation with Cameron and Tyler Winklevoss in 2016.
South by Southwest (SXSW) organizers say that was the first inkling that cryptocurrency could play a leading role in the annual innovation conference in Austin, Texas. Now, in the midst of a prolonged bear ma...

Vitalik Buterin, the creator of the ethereum blockchain project, has proposed increasing user fees on the network for the purposes of supporting developers with sustainable funding.“I propose we consider supporting a community norm that client [and] wallet [developers] can [and] should charge ...

Online banking and trading group Swissquote is launching a crypto custody service later this month.
The Switzerland-based firm announced Friday that, starting March 21, retail and institutional customers will be able to transfer cryptocurrencies from external wallets to be stored in a Swissqu...

Children’s non-profit organization UNICEF is in talks with the government of Kyrgyzstan to leverage blockchain technology to provide Internet access to every school in the country.“We are at the early stages of exploring a blockchain-based solution for the Project Connect initiative in K...

The Eastern Caribbean Central Bank (ECCB) is about to conduct a pilot for a blockchain-based central bank digital currency (CBDC) in preparation for its planned full rollout as a legal tender, possibly in 2020.
For the initiative, the ECCB late last month inked a deal with Barbados-based fint...

These are the hottest buys from institutional investors.One time each quarter, the average American investor gets a chance to peek over the shoulder of some of the wealthiest and most successful investors on Wall Street and see exactly which stocks they have been buying and selling. The U.S. Securit...

U.S. stocks Opens a New Window. fell Wednesday as investors awaited tangible evidence that U.S.-China trade talks will be successful. In addition, the Organisation for Economic Co-operation and Development (OECD) cut its forecast for global economic growth Opens a New Window., which weighed on inves...

Health insurance stocks have been tumbling since late February, and it’s not entirely clear why. Some analysts think the slide was caused by the growing support for more aggressive health reform proposals, including a Medicare for All bill and potential changes to how people pay for prescripti...

Bitcoin’s immediate outlook will remain neutral while prices are trapped in the range of $3,658-$3,900.
If the bulls can keep prices above the 5-week MA support at $3,703, we could see a rally above $4,000. The average is reporting bullish conditions for the first time since August. On ...

A Canadian judge has granted troubled exchange QuadrigaCX a bit more breathing room as it searches for nearly $140 million in missing crypto currencies. Judge Michael Wood, of the Nova Scotia Supreme Court, said he was satisfied that a stay of proceedings first granted a month ago should be extended...

TrustToken has announced a new partnership that it says will allow traders using its regulated stablecoin, TrueUSD (TUSD), to have a “real-time” view of the U.S. dollars backing the token.
For the effort, the San Francisco-based firm has teamed up with accounting firm Armanino, wh...

Crypto currency lending startup BlockFi has launched a crypto deposit account that provides compound interest. Announcing the news on Tuesday, the firm said that the BlockFi Interest Account (BIA) is now live and offers customers an annual interest rate of 6 percent, paid on a monthly basis in crypt...

Cryptocurrency exchange WEX, successor to the shuttered BTC-e exchange, has again been tied to illicit funds gained through ransomware attacks.According to a recent bulletin from consulting firm PwC, two Iranians said to have created the SamSam ransom ware variant have been tied to the exchange and ...

The moving average convergence divergence (MACD) has become the latest charting indicator to signal bitcoin may soon see a trend reversal that could put an end to its months-long price decline.
As reported, the money flow index (MFI), an indicator used to identify buy and sell pressure, creat...

In what appears to be a first-of-its-kind transaction, two developers working in separate countries have successfully sent a bitcoin lightning payment over radio waves. Organized over Twitter this past weekend, the transaction was sent by Rodolfo Novak, co-founder of bitcoin hardware startup CoinKit...

Tagomi, a startup that bills itself as crypto’s answer to Wall Street prime brokerages, has raised another $12 million in a funding round led by Paradigm. Other participants in the round announced Monday include Pantera Capital, Four Arrows and Multicoin Capital. Tagomi previously secured back...

Crypto startup Circle has closed its acquisition of the equity crowdfunding platform SeedInvest, paving the way for the company to tokenize securities in the future. The deal, announced in October, is now officially completed after Circle obtained approval from the self-regulatory organization FINRA...

Tether is gearing up to launch its controversial stablecoin as a native token on the Tron blockchain.
For the effort, Tether is partnering with the Tron Foundation to launch the dollar-pegged USDT stablecoin as a TRC-20 token, the companies announced Monday. TRC-20 is a technical standard use...

2019 will be the year the rubber meets the road for blockchain consortia.If 2017 was a buzzy time that saw a number of successful proofs-of-concept launch, 2018 was a more sedate period when the lawyers got together to develop the framework under which consortia could operate. However, 2019 will be ...

As we enter the second year of this so-called “crypto winter,” the stablecoin market is hotter than ever. In recent months, stablecoins – digital assets pegged to the value of fiat currencies like the U.S. dollar – have exploded in size and variety thanks to high-profile offe...

As one of the very first people to tokenize a VC fund when the term “security tokens” almost didn’t exist, and as an early investor in the space, I have a unique point of view into the rapid growth of this ecosystem. But growth is not just about numbers, it’s also about growi...

Chinese shares rallied, with the blue-chip CSI300 index adding 1.2 percent after MSCI said it would quadruple the weighting of mainland shares in its global benchmarks later this year, potentially drawing more than $80 billion of fresh foreign inflows to the world’s second-biggest economy. Tha...

Investors have been concerned about the status of PDVSA debt after Washington imposed sweeping sanctions on the company earlier this year. JPMorgan, which declined to comment on its monthly rebalancing, also sent out a survey to its clients asking more specific questions about Venezuela, Tina Vander...

Ernst and Young (EY), the court-appointed monitor for QuadrigaCX, has finally provided blockchain addresses for the ailing crypto exchange’s cold, or offline, bitcoin wallets. And aside from $400,000 worth of bitcoin that was accidentally sent to the cold wallets in early February, they are em...

Cryptocurrency exchange Binance is hoping to boost the number of people testing its upcoming decentralized exchange (DEX) platform by giving away $100,000 in tokens. Announcing the news on Twitter on Friday, Binance CEO Changpeng “CZ” Zhao said:“To test the hell out of @Binance_DEX...

A judge has ruled that an ongoing class action lawsuit against Ripple must remain in federal court, potentially giving the payments firm a slight advantage going forward. U.S. District Judge Phyllis Hamilton, of the Northern District of California, ruled Thursday that a class action lawsuit filed ag...

Blockchain device manufacturer startup Pundi X unveiled new specifications for its blockchain phone, which it plans to release to the public later this year. Revealed at the Mobile World Congress conference in Barcelona this week, the XPhone will let users switch between a traditional mode that supp...

French President Emmanuel Macron has called for increased use of data technologies such as blockchain in the EU to boost the agriculture industry and address concerns over food traceability. Inaugurating the 56th International Agricultural Fair in Paris at the weekend, Agridigitale.net reports, Macr...

Bitcoin could end the five-year March losing streak with solid gains if resistance at $4,190 (high of last week’s inverted bullish hammer) is convincingly scaled in the next week or two.The cryptocurrency reinforced a bullish triangle breakout witnessed last week with a quick recovery from sub...

In a quarterly report, the bank lowered its Mexican growth forecast to between 1.1 percent-2.1 percent for full-year 2019 and 1.7 percent to 2.7 percent for 2020, echoing increasing skepticism among private sector economists on the economic outlook. The bank had previously forecast growth of between...

For foreign workers entering Japan, language skills are extremely important, meaning training and proper credentials go a long way towards finding a job. To make this process easier, Japanese multinational company Sony Global Education Inc. and technology equipment services company Fujitsu Inc. have...

Figure Technologies Inc., a home equity financial technology startup that uses blockchain tech to facilitate loans, today said it has raised $65 million in new funding to bolster its product offering and growth.The Series B round was led by RPM Ventures and DST Global and included Ribbit Capit...

Avalon Advisors' Bill Stone sees stocks hitting record highs this year, but getting won't come without trouble."This is as good as it gets, at least in the short run," the firm's chief investment officer said Monday on CNBC's "Trading Nation."Stone, whose firm has...

Jerome Powell heads to Capitol Hill this week to do something he's struggled with lately: convey the Federal Reserve's future intentions without upsetting financial markets.The central bank chairman has suffered a series of missteps and backtracks.It began in October with his pronouncement t...

New Zealand-based cryptocurrency exchange Cryptopia has given an idea of the losses arising from a hack on its platform last month. After being almost silent since the breach, the firm published a series of updates via Twitter on Wednesday. Most notably, Cryptopia provided an update on how much of t...

Two Japanese tech giants have teamed up on an initiative using blockchain to provide educational records that cannot be faked. Announced by Sony on Wednesday, Sony Global Education, Fujitsu Ltd. and the Fujitsu Research Institute have launched a field trial to evaluate the utility of blockchain tech...

Swiss private bank Julius Baer has partnered with a cryptocurrency banking startup to offer digital asset services later in 2019. Announcing the news on Tuesday, Julius Baer said it has partnered with SEBA Crypto AG and will utilize platform to offer storage, transaction and investment solutions for...

Bitcoin’s defense of $3,700 is encouraging, but a positive follow-through is needed soon to invalidate a bear flag pattern that has developed on the hourly chart.A UTC close below $3,714 would validate Sunday’s bearish outside reversal candle and confirm a bullish-to-bearish trend change...

While bitcoin advocates point to politically fraught Venezuela as a prime example of crypto adoption, they often overlook the more business-friendly hub a bit farther south. Since Argentina has a sordid history of banks restricting customer access, plus an inflation rate that hit 47 percent in 2018,...

Japanese telecom SoftBank is exploring blockchain tech as a way to improve upon current centralized and fragmented ID and authentication services.The firm announced Tuesday that it has partnered with U.S.-based blockchain startup TBCASoft for the initiative and has created a working group within an ...

Crypto exchange Coinbase is launching support for XRP, the third-largest cryptocurrency by market capitalization. The exchange announced Monday it would be listing XRP on its professional trading platform, Coinbase Pro, in “transfer-only” mode, meaning customers can only deposit tokens t...

Bitcoin dropped 9.3 percent yesterday on the back of high volumes, invalidating the triangle breakout witnessed last Monday. A UTC close below $3,714 today would validate Sunday’s bearish outside reversal candle and open the doors to levels below $3,400.The longer duration charts are signaling...

In the face of a slowing economy, companies with low operating leverage should outperform, according to Goldman Sachs. Such companies tend to have higher costs associated with more sales, but they have lower fixed costs to cover each month. So when companies are experiencing a drag on sales from a s...

Two of the most vaunted names in banking are fading into retirement. Bank of America said Monday it will gradually retire the U.S. Trust brand to become the Bank of America Private Bank. The move is part of CEO Brian Moynihan's "one-company" strategy to more closely align the bank'...

Alexis Ohanian, the co-founder of social media platform Reddit and a VC investor, has said he believes the hype around cryptocurrency has dropped as speculators have fled the market – and that’s good for the industry.In an interview with Yahoo Finance published Friday, Ohanian, said:&ldq...

Ethereum is finally rolling out the delayed upgrade from January 2019, Constantipole along with the measures taken in a second upgrade dubbed St. Petersburg. The upgrade Constantipole was previously delayed owing to the major issues revealed by experts, right before the launch. The security vulnerab...

Many expected Bitcoin to hit resistance at $4,000 and fall back again in a pattern repeated countless times this year. Instead it has broken through it and settled at the 200 moving average level at around $4,200. This movement has pulled the rest of the altcoins up to a new 2019 high in terms of ma...

It is common to hear people claim or assume that finance is about ‘intermediation,’ a matter of channeling scarce funds from virtuous private savers to needful end-users. The picture behind this assertion is that of a gargantuan private broker – the financial system as massive &lsq...

When selecting dividend stocks, it’s critical to take a long, hard look at a company and consider how well the dividend is supported. A dividend cut is a dire scenario. There is no way to be absolutely certain a company won’t lower its payout, but extra homework will reduce that risk. In...

The Thai government is moving to allow blockchain-based securities to be issued and traded in the country.According to a report from Bangkok Post on Friday, Thailand’s National Legislative Assembly has approved an amendment to the Securities and Exchange Act legalizing the issuance of tokenize...

A new startup called CasperLabs has launched with the aim of building a new blockchain based on a version of proof-of-stake (PoS), the experimental consensus protocol most associated with ethereum. Ethereum Foundation researcher Vlad Zamfir will serve as lead consensus protocol architect of the comp...

The latest on developments in financial markets (all times local):4 p.m.Stocks are closing lower on Wall Street, breaking a three-day winning streak for the S&P 500.The modest decline in the benchmark index Thursday marked only the fourth loss this month.The losses were broad, with health care s...

Spanish telecom multinational Telefonica is to trial a blockchain-based platform that lets users sell their personal information.The news was announced by Wibson, which offers a decentralized data marketplace that allows individuals to sell “validated” private information for a profit. T...

A group of county auditors in the U.S. state of Ohio has launched a study of the benefits blockchain tech might bring to property transactions. The County Auditors’ Association of Ohio (CAAO) announced Wednesday that it has formed a working group to determine how blockchain tech can be impleme...

“Warning! This is all risky, it may all fail.”That was how Patrick Byrne, CEO of Overstock, concluded his keynote about investing in blockchain at a Wednesday event in New York hosted by investment bank and brokerage Oppenheimer & Co. Unusually formal in a suit and tie, Byrne electri...

Federal Reserve Board Chairman Jerome Powell arrives to speak at a press conference after the Fed announced interest rates would remain unchanged, in Washington, DC, January 30, 2019.The market has reason to believe that the Fed is going to stop raising interest rates for a while. Less certain is wh...

For the first time since August, there are now multiple bitcoin exchange-traded fund (ETF) proposals sitting before the U.S. Securities and Exchange Commission (SEC).The VanEck/SolidX proposal filed with Cboe BZX Exchange has now appeared in Wednesday’s editionof the Federal Register, official...

Cryptocurrencies are “no substitute for gold,” according to the World Gold Council (WGC).The WGC, a market development organization for the gold industry, published the report late last month, arguing that gold is “very different” from cryptocurrencies. It’s less volati...

The U.S. state of Wyoming has passed several bills aimed to make the state a top destination for cryptocurrency and blockchain businesses. The Wyoming House of Representatives approved bill SF0125 last week, which recognizes digital assets as property and clears the way for banks to act as crypto cu...

Binance, the world’s largest cryptocurrency exchange by trading volume, has rolled out public testing for a decentralized trading platform built on its own block chain network. The company announced on Wednesday the new platform – called Binance DEX – is now up for public testing w...

Elon Musk, founder and CEO of Tesla and SpaceX, has gone public with his belief that cryptocurrency offers an improved alternative to conventional money.In a podcast interview with investment firm ARK Invest on Feb. 19, Musk talked about his views on the future of his companies and responded specifi...

Global fintech major PayU is in advanced discussions to invest $100-$150 million in Bengaluru-based CapFloat Financial Services, which owns and operates digital lending platform Capital Float, as the Naspers-owned company looks to expand its reach in India’s small and medium business lending s...

The government of South Korea’s capital city has committed to invest 1.2 trillion won ($1.07 billion) by 2022 via an investment fund for startups, including those working with fintech and blockchain. The Seoul Metropolitan Government announced the news Monday, stating that via the Seoul Innova...

Coinbase has acquired blockchain analytics startup Neutrino as part of a wider push to offer more diverse crypto assets across borders.“This is particularly important as we work with regulators and agencies in different countries to bring new assets there,” Coinbase’s director of e...

The German government is seeking industry feedback ahead of developing the country’s blockchain strategy by the summer. A Reuters report on Monday, citing anonymous government sources, said that companies and industry groups “that could become stakeholders in a blockchain deployment proc...

Marcus Agius, called as a prosecution witness in the fraud trial of four former senior colleagues, said the bank had hoped to secure partnerships that would reinforce the bank’s global ambitions by granting Barclays “favored nation status” for future business opportunities with inv...

Despite a growing mainstream interest in the use of crypto assets and blockchains as a way to replicate and represent securities, some of the use case’s earliest innovators say sky-high expectations may not be in line with reality. For example, during a panel discussion at the ethereum confere...

Blockchain data platform Streamr has officially released a new open-source ethereum scaling technology called Monoplasma. Inspired by a pre-existing scaling solution called plasma, Monoplasma is different in that it focuses specifically on “one-to-many payments” in which users would need...

China’s first asset-backed securities with the financial leases of intellectual property were recently approved for listing on the Shenzhen Stock Exchange. “It’s debatable in the market whether the IP asset can be financed by way of sale and lease back,” Eddie Hu, a partner a...

The Italian business of the Maltese manager Gamma Capital Markets has appointed three financial advisers with the aim of bolstering the firm's asset management team. Paolo Manara, Giovanna Matarese and Marco Riccaboni join Gamma's financial advisory team in Italy. The trio brings a long expe...

Cryptocurrency exchange startup ShapeShift is planning a major rebrand this year. Announced at ETHDenver, an ethereum developer conference being held in Colorado this weekend, ShapeShift CEO Erik Voorhees said that starting Monday the company will be opening up a closed beta period for selected user...

Calling precise market tops and bottoms is next to impossible in the volatile cryptocurrency markets. That said, some traders believe identifying speculative bubbles and moments of bearish exhaustion can be made possible through the use of a fairly new metric known as the Mayer Multiple. Created by ...

A new corporate accounting rule is about to pull an estimated $3 trillion out of the shadows.Starting this year, companies are required to record the cost of renting assets used in their operations, such as office space, equipment, planes and cars, on their balance sheets rather than bury that expen...

NEW YORK (Reuters) - The three largest U.S. stock exchange operators said they will sue the Securities and Exchange Commission for overstepping its authority by ordering a pilot program to test banning lucrative payments exchanges make to brokers for resting stock orders. “We disagree with the...

The largest U.S. bank by assets said customers, on depositing money at the bank, will be issued the cryptocurrency that they will be able to use for transactions over the network with other JPMorgan clients.The coin can be redeemed for a U.S. dollar, so its value will largely remain stable, the bank...

So during a Bloomberg Daybreak show in Europe, today on Feb 13, 2019, Mike Novogratz of Galaxy Digital discusses something very interesting that many investors, traders and crypto enthusiasts were waiting to listen. He says ‘we are in the fresh phase of recovery in crypto’.We’re at...

shares jumped more than 4 percent after hours Wednesday after posting better-than-expected second-quarter earnings. The technology company beat on the top and bottom lines. They reported earnings of 73 cents on revenue of $12.45 billion. Wall Street estimated earnings of 72 cents on revenue of $12.4...

MOSCOW, Feb 12 (Reuters) - Russia's central bank said on Tuesday that foreign investors' holdings of government OFZ bonds had grown in January at their highest pace since early 2018 after non-residents scaled down their share of OFZs last year.The central bank also said there had been no neg...

ABU DHABI (Reuters) - Citigroup expects the majority of investment banking opportunities in the Middle East to come from Saudi Arabia and the United Arab Emirates this year, said Miguel Azevedo, Citigroup’s head of investment banking, Middle East and Africa. The U.S. lender, which is working t...

Remittance firms UAE Exchange and Unimoni have gone live with blockchain-based payments using Ripple technology.Finablr, which owns the two brands, announced Sunday that “real-time” cross-border remittances using RippleNet are now live, starting with payments for its international custom...

Minister without Portfolio in the Ministry of Finance and the Public Service, Fayval Williams, has underscored that good quality fiscal management is important to restoring confidence in the public sector.“High standards of accountability and financial management are essential to rebuilding tr...

Suryoday Small Finance Bank (SSFB) aims to raise Rs 200 crore by the end of the next month from the existing and new investors. SSFB, which started its banking operations in 2017, has large presence in three states including Maharashtra. "In order to give push to expansion plan, the bank is loo...

When shipments are “cleared” at the border after payment of duties and taxes, importers often assume that the Bureau of Customs (BoC) will simply move on without double-checking the shipment. This assumption is inaccurate. The BoC can actually conduct an audit of past transactions, simil...

The Ministry of Finance (MoF) of the United Arab Emirates (UAE) will discuss the development of blockchain and digital assets in the country’s economy at the 7th World Government Summit. The news was reported by business news outlet the Gulf Today on Feb. 7.The MoF will hold two closed session...

LONDON (Reuters) - Barclays is shifting some jobs in its London-based credit and equity derivatives sales teams to Paris as it reorganizes its operations ahead of Brexit, two sources familiar with the matter said. Last month the bank warned staff in charge of credit and equity derivatives sales for ...

Bank of America Merrill Lynch has named Sanaz Zaimi as head of its new Paris-based European Union broker-dealer unit BofA Securities Europe, the U.S. bank said on Friday.“We began the relocation of roles to our new Paris office this week. This is a critical milestone in the development of our ...

The Financial Services industry has always been resistant to disruption. Till the twentieth century, the banks have always been placed at the center-hub of any national economy.It has been tough to disrupt these entrenched institutions with multiple moats around them. What are these moats like? Bank...

Ripple, one of the most mature companies in the blockchain space, is currently helping lead development for blockchain-focused academia and research.The blockchain based global settlements network launched its University Blockchain Research Initiative (UBRI) in June of last year to accelerate academ...

Israel-based social investing platform eToro has launched a cryptocurrency trading platform and wallet service in the U.S.The firm announced Thursday that the new platform allows U.S. customers from 32 states and territories to trade 13 unspecified cryptocurrencies. Multi-asset trading is also sched...

A U.S. city plans to utilize a blockchain system to store and track votes in its upcoming municipal elections in May. Denver, Colorado, announced Thursday that it would implement a pilot program to allow overseas voters, active-duty military personnel and their eligible dependents to vote using a bl...

The venture capital arm of ethereum development studio ConsenSys is continuing to invest in the blockchain and cryptocurrency space with the backing of two early-stage startups. ConsenSys Ventures announced Thursday that it invested $1.15 million investment in zero-knowledge proof (ZKP) cryptography...

LedgerPrime, a digital asset investment firm led by former Wall Street whizzes, has closed on $12 million of institutional capital and secured commitments for another $8 million.The proprietary trading firm, which began trading in the spot and derivatives markets for cryptocurrency in the fourth qua...

Seventy-three percent of U.K. consumers don’t know what a cryptocurrency is or are unable to define it, according to a new survey from the country’s financial watchdog, the Financial Conduct Authority (FCA).
Announced Thursday, the research indicates that those who are most aware ...

Japanese tech giant Softbank said Wednesday that its Vision Fund has sold off a stake in chipmaker Nvidia worth $3.6 billion. Meanwhile, Softbank is contemplating raising more capital for its $98.6 billion Vision Fund.Softbank made the announcements while reporting its financial earnings. In the las...

In the same month, blockchain technology company Fluree PBC will attend the Google for Entrepreneurs' Startup Grind Conference in Redwood City, California, and will participate in a global hackathon tracking seafood traceability in Bangkok, Thailand.

After its strong ascent at $US20,000 in the final quarter of December 2017 courtesy of a global virtual currency fad, bitcoin shed more than 70 pct of its market value and spent most of 2018 tip-toeing between the $US4000 level. The crypto was trading under $US3500 as of this posting.Two finte...

The Financial Stability Board (FSB) released its eighth annual global monitoring report on non-bank financial intermediation (NBFI). On 22 October 2018, the FSB announced its decision to change the term “shadow banking” with the term “non-bank financial intermediation” ...

As part of its role to monitor systemic risks around the world, the Financial Stability Board (FSB) today released its eighth annual global monitoring report on non-bank financial intermediation (NBFI). Of particular concern, the FSB report shows that global high-yield debt (also known as leveraged ...

vWant half a share of Apple, or bitcoin alongside protective puts? The investing, trading and wealth management firms on Forbes’ Fintech 50 2019 offer more than just the services once exclusive to big banks and traditional financial firms. They’re tapping into markets by merging new tric...

Bud, the U.K. fintech that helps banks connect their apps and data to other fintech companies and financial service providers, has closed over $20 million in further funding. The Series A round sees the company pick up backing from a number of banks: HSBC (which, via First Direct, it also coun...

The major cryptocurrency Bitcoin is up around 0.2 percent over the past 24 hours, and is trading at $3,470 as of press time. However, following some slight losses on the week, Bitcoin is holding its weekly momentum, reporting 0.26 growth over the past 7 days at press time. With that, Bitcoin is down...

Although Bitcoin (BTC) has managed to maintain its dominance throughout the bear market, we are seeing some major cryptocurrencies outperform it. This shows that the market has started to favor some coins and disregard the others.We believe that some cryptocurrencies might bottom out even before Bit...

The United States Securities and Exchange Commission (SEC) is seeking sources for blockchain data and its analysis, a statement issued by the agency revealed on Jan. 31.According to the statement, the SEC is trying to find businesses able to provide blockchain data to support its risk monitoring and...

Most professionals predict that after one-year depreciation of the Bitcoin market in 2018, the Bitcoin price probable keep decline in 2019. If you buy 1 Bitcoin in the spot trade market with 10000 dollars at the beginning of 2018, your Bitcoin may only value 3500 dollars at present. In “Bitcoi...

US-based investment company Capria is evaluating several fund managers in Kenya with a view to putting in part of its recently raised Sh10 billion with them for investment in areas of high potential returns. Capria opened in Nairobi towards the end of last year targeting Kenya and other African coun...

The growth in the volume of bulk cash transfers through banks fell flat last year as alternative payment methods such as mobile money continued to take root. Central Bank of Kenya (CBK) data shows that in 2018, the volumes moved through the Real-time Gross Settlement (RTGS) system went up by 0.9 per...

Bridging old-world and new-world finance is something that blockchain technology has aimed to achieve since bitcoin was first released in January 2009. Ten years later, this is coming to fruition as blockchain-based solutions designed to enable faster, more transparent, peer-to-peer financial transa...

U.S. consumer confidence tumbled this month to its lowest reading in a year and a half, tested by the partial government shutdown and roiling financial markets. Still, consumer spirits remain robust by historic standards.The Conference Board, a business research group, said Tuesday that its consumer...

The administration of U.S. President Donald Trump intends to include Congress in any effort to pull back on its control over mortgage finance firms Fannie Mae and Freddie Mac, a White House official said on Tuesday. Details are still being hammered out, but the White House said it plans to announce ...

GameStop is selling, but it looks like nobody wants to buy. The video game retailer has given up on trying to sell the company as part of a broader strategic review spurred by investors last May. As of the time of this writing, the stock price is cratering from the news, down $4.09, or 26.4%. The co...

Investors in emerging markets had their heads handed to them in 2018, losing roughly 18% of their value on the year. If that wasn’t bad enough, just days before the World Economic Forum was slated to begin in Davos, Switzerland, the International Monetary Fund released its World Economic Repor...

While major institutional-grade cryptocurrency tools have been created in response to a growing interest in investing in digital assets, new solutions geared towards younger investors could gain traction this year.Even with all the risks associated with investing in cryptocurrencies, millennials in ...

We are told that we need banking regulation, as it protects both our money and our confidence with banks to hold it securely. But with questions over blockchain and cryptocurrency, why is it so important that licenses are held these days?In times of previous financial crisis, a run on the banks can ...

Flybe Group plc trading up 30% on the open and here is why…Flybe operates a fleet of over 80 aircrafts through Flybe UK and Flybe aviation services segments. These provide aviation services such as maintenance, repair and overhaul services to its own fleet and to third party customers. Flybe ...

Stock Spirits' top shareholder on Monday called for the removal of the vodka maker's chairman and raised questions about its growth prospects, more than two years after the investor won a battle to oust the company's then chief executive officer. Western Gate Private Investments Ltd, whi...

Shock and fear swept through the headquarters of Venezuela's state-owned oil firm, PDVSA, on Monday, employees said, after the United States imposed sanctions aimed at limiting President Nicolas Maduro's access to oil revenues.A high-level manager said PDVSA President and Oil Minister Manuel...

The S&P 500 is likely to move higher in the coming week. The index is up against a downtrend line but will likely break through. The Value Line index, an equally weighted index of 1700 stocks, has already broken its downtrend line. Because this index is more representative of the market, the S&a...

Capital One reported a worse-than-expected EPS figure for the fourth quarter despite meeting revenue expectations, as unusually high marketing expenses for the period hurt the bottom line. Notably, the bank’s reported EPS figure was well ahead of expectations due to a one-time accounting gain,...

Preventing terrorist financing, money laundering and other illicit financial transactions is a key focus for law enforcement agencies and regulators. Cyber criminals, terrorist groups and organized criminal enterprises across the globe camouflage their transactions through the international financia...

Markets are said to be driven by fear and greed. In market cycles the shift from fear driven markets to greed driven markets is obviously correlated to bull and bear waves.However, fear and greed are not in equal amounts because the active base of participants is not likely to experience both emotio...

A crazy stock market is perfect for covered call writers. When volatility is high, so are option premiums, which means this popular income strategy should be a profitable one throughout 2019.New to covered calls? Here’s how they work.You buy at least 100 shares of a stock or fund. You now own ...

JPMorgan Chase & Co's private bank is expanding in Mexico and elsewhere in Latin America, the unit's regional CEO said on Wednesday, as wealth creation and political changes bolster the sector's prospects.The bank plans to increase the number of its frontline private bankers in Latin...

Ford Motor Co., which has struggled overseas and saw U.S. sales fall last year, reported its first quarterly net loss in two years Wednesday.The Dearborn, Michigan, company said it lost $116 million, or 3 cents a share, in the fourth quarter, compared with a $2.52 billion profit a year earlier. It l...

The Singapore stock market has fallen lower in three straight sessions, sinking almost 50 points or 1.6 percent along the way. The Straits Times Index now rests just above the 3,170-point plateau although it may stop the bleeding on Thursday.The global forecast for the Asian markets is cautiously op...

Shares of Waters Corporation (NYSE: WAT) , a specialty measurement company, are on the move following a fourth-quarter earnings report that beat expectations and provided hints of more good times to come. The stock had risen 11.7% as of 10:36 a.m. EST on Wednesday. Waters Corporation shareholders ex...

The government shutdown went into his second month (32nd day) on January 22, and the stock market fell over 300 points. Airline stocks like American, United, Delta, and Southwest were big losers. United dropped 2.63%, while Southwest fell 2%. Delta fell 2.1% to 47.10, near its year low of 45.08. And...

Be positive. Think positive. Don’t focus on the negatives. Forget about it. These are all great pep talk lines. But for investors in 2019 and beyond, they are a trap, and a good way to lose a small fortune or a big one. See the chart immediately below for pr...

By now you’ve probably received your Form W-2. Remember that it’s not just for reporting your salary to you and the IRS. Your W-2 includes income from any other compensation sources you may have, such as stock options, restricted stock, restricted stock units, employee stock purchase pla...

U.K.-BASED online wealth manager Nutmeg said on Tuesday it raised $58.2 million in funding from investors, including Goldman Sachs Group Inc, proceeds of which will be used mainly for international expansion.The latest funding round values Nutmeg Saving and Investment Ltd at 245 million pounds ($317...

UBS warned of a tough start to 2019, after reporting an outflow of funds from its flagship wealth management business at the end of last year, sending a shiver through the European banking sector. Shares in Switzerland's biggest bank fell 4 percent on Tuesday after its fourth quarter earnings fe...

A former UBS banker accused of selling information about wealthy German tax evaders to German authorities was convicted of economic espionage by a Swiss court on Monday.Rene S., as the 45-year-old ex-banker was called during court proceedings, was sentenced to 40 months in prison and must pay fines ...

A harsh December capped a hard fourth quarter for stocks. Many good companies have been knocked down, some to bargain levels.I’ve picked four of them for my "Casualty List," a quarterly compilation of wounded stocks that I believe may recover strongly.The Casualty List has a profitab...

Banks all over the world are rushing to change the way customers interact with financial services. Well, they want to make that happen. However, they’ve had a hard time finding expert partners and data security. But now, there’s a tiny financial technology startup from San Francisco call...

If you missed the big gains in Apple and Nvidia during the bull market, you can buy them now for 30% and 50% less than just four months ago. Buying the right stocks after Wall Street sells them off is one of the more consistently profitable strategies employed by my managers. If you don't alread...

In a significant move for the advancement and legitimization of cryptocurrencies and blockchain businesses in the United States, Wyoming has introduced a bill that aims to clarify the legal position of digital assets, as well as offer digital asset custody through banks rather than financial institu...

The company released its massively popular dystopian movie "Bird Box" in late December, which helped attract a record 8.8 million new paid streaming customers in the fourth quarter.Investors, however, appear to have factored that, and the price hike, into their valuation, pushing Netflix s...

Every year for over three decades, MoneyShow.com has surveyed the nation’s leading newsletter advisors asking for their favorite stocks for the year ahead.The rapid growth has been achieved from its blockbuster biologic autoimmune drug Humira, which is the world’s number one drug, with a...

Morgan Stanley's quarterly profit fell short of expectations as bond trading revenue slumped more than rivals and its wealth management business faltered, sending its shares down 4.4 percent.The bank has pledged that its expansion into wealth management over the past decade would help deliver mo...

After a subdued performance in 2017 and the first nine months of 2018 being relatively flat, we expect Wheaton Precious Metals (NYSE: WPM) to end 2018 with 3.5% lower revenues compared to 2017. Lower silver revenue is expected to be a major drag on gross revenue. Silver accounts for almost 45% of WP...

Hold on there, China bears. The People’s Bank of China (PBoC) just might save Shanghai and Shenzhen stocks from another bear market year. China’s PBoC will buy local listed shares to prop up a stock market that’s down over 25% in the last 12 months.It’s already working. The X...

Investors sweetened on financial markets in early January and ended a 13-week retreat from U.S.-based funds, the Investment Company Institute (ICI) said on Wednesday.U.S.-based stock mutual funds and exchange-traded funds attracted a net $11.3 billion during the week ended Jan. 9, while bonds gather...

SHARES OF Snap Inc fell 9 percent in early trading on Wednesday after Tim Stone became the second finance chief to leave the Snapchat operator in a year since a much-criticized redesign.Stone joined the owner of Snapchat last May after spending two decades with Amazon.com Inc, replacing Andrew Volle...

Bankers have high expectations of Open Banking according to a new study from Accenture. More than half expect it will help them grow revenues by 10 percent while a third think it will increase revenues by up to 20 percent.Commercial customers are just as enthusiastic — 35% say they already par...

China's central bank on Wednesday made its biggest daily net cash injection via reverse repo operations on record, more evidence that authorities are shifting to policy easing to counter a slowdown in the world's second largest economy.The People's Bank of China said the injection was to...

Maybe it's the expectation that interest rates are peaking. Maybe it has to do with the sectors they're serving. Maybe it's all about how well run these might be. Maybe they've just been hyped in the media without any fundamental reason. Whatever it is, these 5 stocks are hitting new...

An anonymous trader caused a stir in the U.S. equity options market on Monday with a massive bet that recalled Warren Buffett's famous wager on global stocks more than a decade ago.The trader sold 19,000 put options on the S&P 500 Index <.SPX> obligating him or her to buy the market be...

Earnings season starts to pick up the pace this week, with reports from JP Morgan and Wells Fargo scheduled before market open on Tuesday, January 15.Between the Fed’s rate hike path, growing concerns regarding global economies and future growth, and geopolitical uncertainty, there’s ple...

Revisions to global rules for bank trading books will result in a halving of the extra capital needed from January 2022 to cover risks from market price swings, the Basel Committee said on Monday.It marks a completion of a welter of changes introduced by Basel since taxpayers had to bail out underca...

The U.S. Federal Reserve is wary of giving "fintech" firms such as OnDeck Capital Inc or Kabbage Inc. access to the country's financial infrastructure, putting the central bank at odds with other regulators looking to bring them into the fold.The Office of the Comptroller of the Curren...

Equities have been behaving like a recession is looming. That dire outlook seems overdone. While major global stock markets were battered in 2018 – and even the initially resilient U.S. Standard & Poor's (S&P) 500 stumbled – we still expect equities to deliver solid returns i...

The bear market for stocks began when the five major equity averages began to crash in early-October. At the end of September, the 12x3x3 weekly slow stochastic readings were above 90.00 on a scale of 00.00 to 100.00. Readings above 80.00 are overbought and I consider readings above 90.00 as an &ldq...

Although we have been facing a doom and gloom scenario for months in the crypto markets, the situation is not that negative for some. Investor and advisor, Oliver Isaacs has risen from behind the scenes to become one of the top blockchain investors, influencers and strategists in the space. He...

One of the biggest trends in retirement saving over the past decade has been the shift to target date funds - broadly diversified mutual fund products that automatically adjust the blend of stocks and bonds as your retirement date approaches. The idea is to reduce the risk of big losses as your expe...

U.S. companies' shopping spree for their own shares helped put a floor on market declines in 2018. Don't look for the same level of support in 2019.Wall Street's recent volatility has optimists betting that buybacks could provide the market with an even better buffer in 2019. But many st...

HSBC Holdings Plc has agreed to pay $30 million to settle litigation by investors who accused 11 big banks of rigging the roughly $9 trillion government agency bond market from 2009 to 2015.The settlement with the British bank was made public late Wednesday night in the federal court in Manhattan, a...

Volkswagen sold a record 6.24 million of its VW-branded vehicles last year despite delivery problems caused by new anti-pollution rules, but warned the company would continue to face considerable challenges in 2019.Still battling to recover from a 2015 emissions test cheating scandal and facing tigh...

The upward move off the late December low prices is nice, but the heaviness of the resistance levels just above may prove difficult to overcome. This is true of all the major indexes and most of the sub indexes. By resistance level, I mean those clusters of price areas where major selling took place...

An index of world stock markets rose on Thursday as worries over the lack of clear signs of a resolution to the U.S.-China trade spat were offset by an assurance by Federal Reserve Chairman Jerome Powell that the U.S. central bank has the ability to be patient on monetary policy.The dollar rebounded...

Lennar Corp said on Wednesday it was seeing an improvement in home sales in its new fiscal year as mortgage rates start to ease and posted earnings ahead of expectations, allaying concerns of a slowdown in the broader U.S. housing market.The company's shares reversed course to trade up nearly 10...

2018 was a wild ride for investors, and thus far, 2019 appears to be no different. Many major retailers have seen their stocks under-perform the market and fall into private bear markets (defined by a decline of over 20% below a recent high) over the past few months. Now, people want to know what wi...

There is an old market maxim that major corrections generate leadership changes. The worst performers frequently rebound quickly at lows. Below, we see the relative strength ratings versus the S&P 500 for the sectors at the December 24 low. Note that energy was in last place. The histogram of oi...

Boeing Co delivered a record 806 aircraft in 2018 as it overcame supplier woes, retaining the title of the world's biggest planemaker for the seventh straight year.The company's shares rose as much as 3.9 percent to $340.90 and were the biggest percentage gainer on the Dow Jones Industrial A...

Mexico's leftist government said on Tuesday it would lower taxes on owners of businesses that issue shares, lifting the local stock market, which was battered last year by worries about policymaking under the new administration.Finance Minister Carlos Urzua said at a government-sponsored event i...

The Nasdaq Composite Index is a popular market capitalization-weighted stock market index. It is comprised of more than 3,300 common equities and similar securities, like ADRs, which are traded on the Nasdaq exchange. Along with the Dow Jones Industrial Average (DJIA) and the S&P 500 index, it i...

Almost six months ago, Canadian cannabis producer Tilray, which is controlled by Washington-based private equity firm Privateer Holdings, went public on the NASDAQ in a $17 IPO, ultimately raising gross proceeds of $172 million after the underwriters exercised the over-allotment option, selling 10.1...

The Dow Jones Industrial Average index, commonly called as the Dow or DJIA, is a price-weighted stock market index consisting of the top 30 American blue-chip companies. The index covers all industry sectors except transportation and utilities. The Dow uses a divisor-based methodology to calculate t...

What good is a 2% or 3% annual yield if you can lose it in a single trading session?The Nasdaq and Russell 2000 are officially in bear markets, which means they’re down 20% from their peak. But bear markets don’t have to stop at 20%.They can just keep on collapsing. And the weakest links...

Stocks were down last year, as everyone knows. Does this mean that another decline will follow in 2019, or does it mean that we are poised for a rebound? The historical record is clear that the most likely outcome is no different than if we had enjoyed a “normal” year in 2018.We’ve...

Slowing growth measures are now appearing, confirming the bear market’s price “adjustments.” The question is, “Was the 4th quarter 2018 bear market’s drop enough of an adjustment, or is there more decline to come? “Clues to the answer are coming ,The answer is nei...

Although investors might complain about current stock market volatility, they are getting the roller coaster ride that they paid for. Some readers might be surprised by this statement; but the issue is about investors ignoring the degree to which stocks have been unfairly priced.The typical definiti...

Buying stocks is an investment that represents part ownership in a corporation, entitling the stockholder to part of that company's earnings and assets. It's important to know the risks before tackling a task that can be both exciting and frustrating at the same time," he says. "No...

Widely followed activist investors Daniel Loeb, Barry Rosenstein and William Ackman suffered heavy losses in December, when fears about trade battles and slower growth sent stocks spiraling lower.Many fund managers are still compiling annual returns, but early data from some of the industry's mo...

Investors pulled $98 billion from U.S.-based stock funds in December, a calendar-month record that emphasizes the diminishing goodwill in financial markets, preliminary Lipper estimates showed on Thursday. Fund investors trimmed their risk in the final days of 2018 to hunker down in case the Federal...

Bitcoin has been trapped in a year-long bear market, with the bitcoin price losing some 80% in value over the last 12 months and dragging down the wider cryptocurrency market, including the likes of other major coins ripple (XRP) and ethereum.Bitcoin and cryptocurrency investors who have weathered t...

European shares lost further ground in their first trading day of 2019 on Wednesday as fears about global growth, trade wars and political instability rolled over into the new year while investors sought safety in stocks considered less risky.While sentiment had already been hit by disappointing dat...

Tesla Inc on Wednesday cut U.S. prices for all its vehicles to offset lower green tax credits, and fell short on quarterly deliveries of its mass-market Model 3 sedan, sending shares of the electric vehicle maker down nearly 7 percent on worries of future profitability.Analysts questioned whether th...

Volatility returned to the market in a big way in 2018 after relatively smooth sailing upwards the previous year. Many investors experienced severe losses for the first time in a while — or if you started investing in 2009, for the first time ever. Ten years is a long time to forget about how ...

Companies providing services related to gas, electricity or water are generally referred to as utilities stocks. The utilities sector umbrella also encompasses businesses providing more general infrastructure services, and the sector has also more recently come to include alternative energy companie...

Airline stocks have flown into severe broader market turbulence in December, but the "fasten seatbelt" sign may be about to be turned off heading into 2019. According to the International Air Transport Association (IATA), net income across the airline industry should jump 10% in the year a...

Stocks are wavering between small gains and losses in midday trading Friday as the market continues to churn amid the volatile trading that has gripped the market throughout December. Gains in banks, retailers and health care companies are outweighing losses in energy stocks and elsewhere in the mar...

U.S. fund investors eased into wild stock markets during the latest week, adding $5.2 billion, according to Lipper data on Thursday that reflected the first net positive flows for funds since December's selloff began. Stock exchange-traded funds (ETFs) based in the United States attracted $5.4 b...

It is wise, from time to time, to stop and evaluate our lives as we seek to make the most of them.The start of a new year provides a natural opportunity to look back and offers an extra push toward new adjustments going forward. That's why New Year's resolutions are so popular. If you are lo...

Dow component The Walt Disney Company (DIS) looks set to bounce strongly in coming weeks and carve the next leg of a broad sideways pattern in place since 2015. More importantly, the recovery wave should generate enough profit potential for short-term traders, while prospective investors can also ju...

The dollar gained against a basket of other currencies on Wednesday as U.S. stocks came off 20-month lows, though uncertainty relating to the U.S. government shutdown and Federal Reserve monetary policy remained a headwind for the greenback.U.S. stocks gained more than 2 percent as a rebound in tech...

For certain, the Prince of Swine who bestrides the White House has carved a snake pit out of our majestic Capital. Don’t despair! Our country’s amply broad-based with a competitive industrial heartland and Silicon Valley, still viable, holding technological primacy, worldwide.Sadly, we&r...

One notable factor in Wall Street's monster rally on Wednesday was a record gain in an index of stocks that have the largest bets placed against them by market contrarians.The Thomson Reuters United States Most Shorted Index rose 6 percent, the biggest percentage rise in its six-year history, as...

From what I'm hearing from traders and investors alike, there is pervasive concern over the possibility of a bear market in stocks. It's in the media as well...like this article...and this. We're currently seeing the highest equity put/call ratios in years, with many more put options (do...

For Californians, it’s time to take a deep breath literally and figuratively the state is finally a month removed from the last of its deadly wildfires, and air quality has returned to safe levels. Still, the effects of the crisis are hardly over: at least 87 people have lost their lives, 500 ...

How often does that happen in the stock market? According to a little study I performed, it happens about 44% of the time.I studied the five worst-performing stocks in the Standard & Poor’s 500 each year, based on price change alone, and measured the total return (including dividends) the ...

European and Asian markets were mostly lower in light trading on Monday as a partial U.S. government shutdown stemmed holiday cheer. KEEPING SCORE: France's CAC 40 dropped 0.9 percent to 4,653.55. Britain's FTSE 100 index, which will close early on Christmas Eve, was 0.8 percent lower at 6,6...

Now that markets are much lower after weeks and weeks of selling following the September price peak, some new stocks are showing up on the screen for "below book value." I use a selection criteria derived in part from Benjamin Graham's classic works on investment analysis.Among these &...

“The last shall be first,” it says in the book of Matthew. Biotech investing is always a dicey proposition, as the sector’s ever-volatile stocks show. So far this year, the Nasdaq Biotechnology Index is down 17%, much worse than the S&P 500’s tumble.After a 10-year climb,...

HONDA MOTOR CO (NYSE: HMC) didn’t start out as a car company, but it’s sure come a long way from the early days, when it sold motorized bikes back in 1946.Company founder Soichiro Honda did so well in the bike business he decided to expand his company, calling it the Honda Motor Co. when...

THE latest on developments in financial markets (all times local):4 p.m. Another day of big losses is leaving the U.S. stock market with its worst weekly drop in more than seven years. The benchmark S&P 500 index ended a brutal week down 7 percent Friday, led by big drops in former market favori...

Advanced Micro Devices, Inc. (AMD) got pummeled in September and October, giving up more than half of the 25-point rally that started from a 52-week low in April. The bounce into December raised hopes that the carnage had come to an end, but the stock turned tail when it filled the October gap and i...

What’s happening out there? Is it the trade war? Is it the Fed? What about European politics and the weeks-long “yellow vests” protests in France? Whatever it is, it is risk-off. It’s not good for any stock market, virtually anywhere Thursday morning.The S&P 500 tested Fe...

A broad-based decline in the S&P 500 Index (SPX) is putting 2018 on track to be the worst year for the U.S. stock market since the 2008 financial crisis, and yet more plunges may be ahead. "I'm pretty sure this is a bear market," says billionaire investment manager Jeffrey Gundlach...

There is no more mistletoe hanging above the markets. The romance U.S. fund investors once had with the stock market was put to rest in 2018 when buy the dip turned into sell the rip.For evidence, look no further than exchange-traded funds (ETFs), which hold baskets of stocks across the market and h...

Asian stocks fell further Friday after Wall Street slid on recession fears, putting markets in Shanghai, Tokyo and Sydney on track to end 2018 down more than 10 percent. Tokyo’s Nikkei 225 index fell 1.9 percent and the Shanghai Composite Index lost 0.9 percent. The Chinese market is 2018'...

BlackBerry Limited (BB) shares briefly rose more than 6% on Thursday morning after the company reported better-than-expected third quarter financial results. Revenue fell 3% to $228 million – beating consensus estimates by $14.63 million – and non-GAAP earnings per share of five cents be...

Investors and traders who've referred to oil as black gold as its price has capitulated during the fourth quarter are those who hold short positions in the liquid commodity. Since early October, the price of Light Sweet Crude Oil Futures (CLF19) for January 2019 has tumbled close to 40% due to o...

SoftBank shares fetched an initial price of 1,463 yen ($13.03) and slid further to end the morning session at 1,360 yen ($12), down 9 percent from the IPO price of 1,500 yen announced earlier this month.The listing came about two weeks after a service outage attributed to a software problem affected...

In my last post, I discussed ways that non-experts can start to take control of their finances when the stock market turns bearish. Today, lets focus on a few simple tips that mere mortals can heed to take control of their stock portfolio, now and in the future. Darren Henke, Managing Partner of 180...

Banks will be banned from charging higher fees to 14 million people with unarranged overdrafts from the end of 2019, Britain's financial watchdog proposed on Tuesday, in what it called a radical move that could limit availability of free banking.The Financial Conduct Authority (FCA) said that ba...

Global equity markets gave up earlier gains and continued a weeklong sell-off on Wednesday after the U.S. Federal Reserve announced a fresh interest rate hike and said "some" further rate hikes would be necessary in the year ahead.The decision, announced at 2 p.m. Eastern time (1900 GMT), ...

There have been 19 shutdowns since 1976. I’ve analyzed U.S. stock market returns for 19 periods, each beginning a week before the shutdown and ending a week after. During these periods, stocks achieved a return of about 1.51%. That works out to an average return of about 0.2% per day, which is...

In many ways, these are good times for banking CFOs. Their knowledge and expertise are in great demand throughout the organization, and CEOs are increasingly turning to them as highly trusted advisors at the enterprise level. So, while CFOs may enjoy this additional influence and status, our r...

European shares tumbled on Monday when a profit warning from online fashion retailer ASOS sent retail stocks into nose-dive as investors fretted that consumers were failing to deliver the traditional pre-Christmas spending boost to markets. Euro zone stocks <.STOXXE> were down 1 percent while ...

LOW-COST INDEX FUNDS have become the prom queens of investing. They're so popular, in fact, Jack Bogle of Vanguard, oft called the father of index funds, sounded a warning that index investing may become "too successful for its own good."Bogle's concern is that the index fund indus...

JOHNSON & Johnson said on Monday it plans to buy back up to $5 billion of its stock, after a Reuters report on Friday that the company knew for decades that its Baby Powder contained cancer-causing asbestos wiped about $40 billion from its market value. Shares of the company closed down 3 percen...

It is highly unusual for the market to be this bearish in the month of December. The coming week has a strong historical bias to the upside, but the futures are down sharply at the time of this writing. The S&P will reach a 38.2% retracement of its 2016-2018 rally when it hits the 2510 area, a n...

The S&P 500, the Dow Jones Industrial Average and the Nasdaq Composite are all down almost 6% in December. Last week, the stock markets tried to rally, with the S&P 500 getting to 2,675 on Tuesday and Wednesday, but it lost momentum those days and finished the week very poorly, closing...

Broad stock declines in Europe and the United States dragged world equity markets lower on Monday, adding to a sell-off that has sent global stocks near 17-month lows.The MSCI world equity index, which tracks shares in 47 countries, slipped nearly 1.3 percent as declines in U.S. and European markets...

Eleven days ago, in “Wake Up: Stocks Are In A Bear Market, So Sell Something,” I described the five steps I thought were in store for the stock market. Driven by fundamental unknowns/negatives, an ugly technical picture and heightened, emotion-driven decision-making, the market is free t...

Tax selling pressure is likely to pick up into Dec. 31, with thousands of issues trading in the red for 2018. More importantly, many of those stocks peaked at much higher prices, attracting bagholders who need to decide if they want to take short-term capital losses. It isn't as bad for long-ter...

AT&T Inc. (T) raised its quarterly dividend by a penny in Friday's pre-market, but the news has failed to attract buying interest. The apparent apathy isn't surprising because the stock is glued to a seven-year low despite recent upgrades from Citigroup, Cowen, JP Morgan and boutique fir...

European shares closed lower for a second day on Friday as weak European and Chinese data renewed worries about global growth and sent a pan-European benchmark on course for its worst quarter since 2011.The euro zone STOXX 600 <.STOXX> index ended the day down 0.72 percent and on course for a ...

U.S. stocks gave up early gains on Thursday, as a rally sparked by progress in U.S.-China trade talks faded, with investors moving into defensive sectors such as real estate and utilities.The S&P 500 <.SPX> posted its best one-day percentage gain in 10 days on Wednesday following President...

It's that time of year when you see a trove of stock market forecasts and predictions. Now, I'm sorry to spoil the surprise, but most major investment houses will forecast high single-digit returns for the S&P 500. For example, looking back at 2018 forecasts per CNBC's tracking showe...

Asian markets tumbled on Friday after China reported weaker-than-expected economic data, stirring up worries about the state of the world's second largest economy. KEEPING SCORE: Japan's Nikkei 225 index slid 1.7 percent to 21,439.16 and the Kospi in South Korea lost 1.2 percent to 2,070.70....

The S&P 500 finished little changed after a volatile session on Thursday, as investors continued to be spooked by uncertainty on both domestic and international issues, driving up bids for defensive shares while financials and consumer discretionary stocks were the biggest drags. The Dow eked ou...

More than $46 billion thundered out of U.S. stock mutual funds and exchange-traded funds (ETFs), the most ever, while a near-record $13 billion poured from bonds, according to the research service. Relatively low-risk money market funds pulled in $81 billion, also the most recorded, the research ser...

The S&P 500 Index is stuck at the price level first traded in December 2017, meaning it hasn't gained a penny in the past year. However, a basket of individual components has acted extremely well during this period, lifting to multi-year and all-time highs. An examination of these issues cou...

When the stock market blasts upwards, but with recent volatility and stock market losses, bond investing interest is starting to rise.The 10-year return for S&P 500 investments that include dividends is 8.42 percent, that's more than double the return on the 10-year Treasury bond at a measly...

With many rival airlines scaling back plans to add travel routes and seats in a bid to protect margins, Oscar Munoz is taking United Airlines in a different direction. The No. 3 U.S. air carrier is forging ahead with a strategy to boost its flight network by another 4 percent to 6 percent next year ...

European shares rose on Tuesday as optimism over the China-U.S. trade dispute helped them recover from the two-year lows hit in the previous session on a burst of political risk and worries over slowing global growth. The pan-European STOXX 600 <.STOXX> benchmark index rose 1.5 percent, while ...

Yesterday (Monday, 12/10) is the perfect example of the futility in trying to answer “Why the morning selloff?” The answer is not in the fundamentals, although the media certainly tried. All the early morning reports offered reasons, but the very range shows them to be inaccurate guesses...

DELL Technologies Inc said on Tuesday it has received shareholder approval for its earlier announced deal to buy back shares tied to its interest in software maker VMware , paving the way for it to return to the market.Dell said its Class C shares are expected to begin trading on the New York Stock ...

Chinese stocks look a better bet than the United Kingdom next year, as Britain struggles with its painful divorce from the European Union, a senior executive at BlackRock, the world's top asset manager, said on Tuesday. “China is slightly more invest-able than the UK right now," said ...

Another day, another day of intrigue in Britain’s bloody and divisive Brexit battle. On Monday prime minister Theresa May decided to delay the vote on her proposed withdrawal deal scheduled for Tuesday, an event that was seen as the first major Parliamentary step to getting towards pulling the...

Chinese shares pulled ahead on Tuesday after Beijing confirmed it was still in trade talks with the United States, though sentiment remained fragile in Asia as the pound wallowed near 20-month lows on deepening political turmoil over a Brexit deal. Chinese Vice Premier Liu He spoke with U.S. Treasur...

Investors took cover and ditched European shares on Monday as a burst of political risk with a key vote on Brexit being delayed and unrest over the weekend in France added to concerns over global growth and U.S-Chinese trade tensions. Losses accelerated at the end of the session when Wall Street ind...

Investors shaken by the market's big sell-offs are hoping for a December rally to end a volatile year. This may seem like a solid bet considering that since 1950, the S&P 500 in December has risen 75% of the time, more often than any other month, according to LPL Financial. That may not happ...

WITH OIL PRICES gyrating, politics whipsawing, news breaking daily about the trade war with China, and a persistent drone about the bull market's advanced age, investors know that risk is a constant companion.In fact, managing risk is one of those fundamental tasks that investors are lectured ab...

Australia's competition watchdog on Monday recommended tougher scrutiny and a new regulatory body to check the dominance of tech giants Facebook Inc and Alphabet Inc's Google in the country's online advertising and news markets. The recommendation, in a preliminary report on the U.S. fir...

The World Bank is pushing to prise open more space for Egypt's private sector with $1 billion in new funding, part of a second phase of support that follows two years of painful economic reforms, the bank's regional vice-president said. The funding, signed on Sunday, comes on top of $3.15 bi...

The market indices likely need one more decline in order to complete the last wave of the current correction. The broadly-based Value Line Index has already broken its October 29 low and the S&P 500 and the NASDAQ 100 are likely to follow. Citrix Systems shows a cycle peak on the 11th. Six of ni...

With the recent extreme moves in the market, many are questioning whether to stay in stocks or move to cash until things settle down. Wayne Himelsein, one of my managers, gives a resounding yes to staying in the market. Ken Kam: A lot of people are worried, and with a good variety of reasons, all ve...

U.S.-China trade negotiations need to reach a successful end by March 1 or new tariffs will be imposed, U.S. Trade Representative Robert Lighthizer said on Sunday, clarifying there is a "hard deadline" after a week of seeming confusion among President Donald Trump and his advisers. Global ...

More losses may be ahead for U.S. stocks in the short term, according to an indicator with a fittingly ominous name: the death cross. A chart pattern tracked by technical analysts and other market mavens, a death cross forms when an index's near-term moving average of daily closing prices falls ...

To close out a wild week for stocks, uncertainties surrounding the possibility of a longer-term detente in the U.S.-China trade war seemed to outweigh a bit of optimism on the inflation-and-economic front after a Goldilocks jobs report. The Dow Jones Industrial Average fell more than 500 points to e...

World stocks attempted a rebound on Friday with Asian and European markets gaining modestly after the previous day's selloff, while oil prices fell as producers bickered over the details of an output cut. The pan-European STOXX 600 index was up 1.2 percent by 0857 GMT, after falling as much as 3...

Wall Street capped a turbulent week of trading Friday with the biggest weekly loss since March as traders fret over rising trade tensions between Washington and Beijing and signals of slower economic growth. The latest wave of selling erased more than 550 points from the Dow Jones Industrial Average...

The European Union executive will offer Swiss stock exchanges a two-year extension of their right to operate in the bloc if the Swiss government approves an overall deal on future relations on Friday, EU sources told Reuters. If Switzerland does not back the draft pact, however, the European Commiss...

Toyota Motor Corp has been around since 1937 (and in the U.S. since 1957), and even its very name indicates the company has been blessed with good fortune. Originally, then founder of the company, Kiichiro Toyoda, wanted to name the company after himself, as in “Toyoda.” But fate interve...

Immigrants have created some of America’s most valuable privately held companies. Several of these companies are soon to become publicly traded and available to any American who wants to invest in these billion-dollar start-ups. The news of potential initial public offerings (IPOs) for many im...

SoftBank Group Corp's mobile phone services were disrupted in some parts of Japan on Thursday, ahead of an initial public offering (IPO) of its domestic telecoms unit later this month that will potentially raise $21 billion. Some customers at Japan's third-largest telco have been unable to m...

Oil prices fell along with weak stock markets on Thursday, but trading was tepid ahead of a meeting by producer group OPEC that is expected to result in a supply cut aimed at draining a glut that has pulled down crude prices by 30 percent since October.U.S. West Texas Intermediate (WTI) crude future...

Investors who bet on European semiconductor stocks to profit from innovations being packed into smartphones and advanced vehicles are facing the grim reality that both industries are hitting a rough patch at the same time. Escalating trade frictions between the United States and China have contribut...

It might not be a stock market crash conventionally crash mode is a 10% drop or more but it might feel like one. On Tuesday Dec. 4, the S&P 500 fell -3.24%. Based on estimates from Monique Morrissey of the Economic Policy Institute when one considers stock holding of $5.2T in 401(k)-type account...

Reuters technical commodity analyst Wang Tao said WTI could soon test support at $51.75 per barrel, while Brent was threatening to drop below $60 per barrel again soon.Oil prices were pressured by a weekly report from the American Petroleum Institute (API) that said U.S. crude inventories rose by 5....

Financial stocks have just had their worst day since the February sell-off. Shares of banks in the S&P 500 were down 4.4 percent Tuesday, helping pull the S&P 500 down 3.2 percent. Bank of America, Morgan Stanley, JPMorgan Chase, Wells Fargo and Citigroup were each down more than 4 percent, ...

Amazon.com briefly became the most valuable company on Wall Street in intraday trade on Monday, days after Microsoft Corp dethroned long-time leader Apple Inc. Amazon rose by 4.7 percent at one point, putting its market capitalization at $865.0 billion. At the same time, Apple traded up 2.1 percent,...

After a correction, it is extremely unlikely that the best stocks to own are the same as before. Wayne Himelsein, one of my managers, has been looking for stocks showing signs of new leadership. This week he's recommending Healthcare, Inc.Ken Kam: You are recommending Healthcare, Inc. today? Way...

Stocks rose on Wall Street Monday after President Trump and President Xi Jinping agreed to a temporary truce in the trade war between the United States and China. The S&P 500-stock index climbed 1.1 percent, notching its fifth gain in the last six trading sessions. Major Asian and European equit...

A proposed change to the way Egypt taxes bank profits could encourage lenders to boost credit to the private sector and push up yields on Treasury debt, raising its appeal among foreign investors, economic analysts say.The cabinet last week gave preliminary approval to a proposed amendment to the wa...

Though some analysts discounted last Monday’s higher open and the S&P 500 gain of 1.55% as typical bear market activity, it provided the first evidence that the worst of the selling was likely over. The S&P 500 added to the gains on Tuesday, which caused further improvement in the tech...

BANCO BPM has reached a deal over its consumer credit business with French rival Credit Agricole which will help it to sell 7.8 billion euros ($8.83 billion) of bad loans, Italy's third-largest bank said. The agreement comes at a difficult time for Italian banks as a sharp rise in state borrowin...

U.S. fund managers became slightly more cautious in November, recommending an increase in cash holdings to the highest in more than a decade and a cut to equity allocations to the lowest in well over a year, a Reuters poll showed. Evidence pointing to a slowdown in several global economies, a seriou...

Used the Financial Visualization screener to identify 5 stocks with lower-than-the-market price-to-earnings ratios and with little to no debt on the books. Typically, a business unworried about making crushing debt payments has room to maneuver when conditions get tough. I included a screen for posi...

Weakened in morning trading by poor data from China, European shares closed lower on Friday ahead of Saturday's crucial G20 talks between U.S. President Trump and China's Xi Jinping over trade.The pan-European STOXX 600 <.STOXX> ended the session down 0.3 percent and on a 1.2 percent l...

Samsung Electronics Co Ltd <005930.KS> said on Friday it would cancel 4.9 trillion won ($4.4 billion) worth of its shares. Expected to be complete on Dec. 4, the cancellation was the second stage of its previously announced plan to cancel all of its treasury shares in two stages to enhance sha...

Volvo Cars, owned by China's Geely, has no current plans to go for a stock market listing, its chief executive said, more than two months after the Swedish carmaker postponed its flotation blaming trade tensions and an automotive stocks downturn. Volvo and its parent had been working on an initi...

We are endorsing the notion that McDonald's massive store modernization efforts, first rolled out in select international markets and now in the U.S., will begin to pay off in 2019 and should produce best-in-class sales results for more years to come," Glass says. He also says McDonald'...

Hyundai Motor Co <005380.KS> said on Friday it would buy back 255 billion won ($228.3 million) worth of common and preferred stocks to stabilize its stock prices and boost investor returns, sending shares of the South Korean automaker up 4 percent. Hyundai Motor stocks have plunged more than 3...

U.S. stocks were higher after the close on Wednesday, as gains in the Technology, Consumer Services and Industrials sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average added 2.50%, while the S&P 500 index gained 2.30%, and the NASDAQ Composite index gained 2.95%.The...

Fear of the Fed has been one factor weighing upon the stock market this fall. But lately that trepidation seems to have abated. Maybe it shouldn’t have.The new, more benign view of the Fed is due to Chairman Jerome Powell’s upbeat take on the economy at an Economic Club of New York speec...

Do stocks have personalities? Of course, they do, and we all know it even though we may not explicitly use that language when we think or talk about stocks. Consider Tesla (TSLA) and Walmart (WMT). Do you even have to look at price charts or data to recognize, right away, that we’re talking ab...

Fears of a prolonged U.S.-China trade war and a potentially overzealous Federal Reserve have left Wall Street strategists less optimistic about stock market gains next year, but they still expect a decent increase, a Reuters poll found. The benchmark S&P 500 <.SPX> will finish 2019 at 2,97...

Hopes for a thaw in U.S.-China trade relations at the upcoming G20 summit helped world shares inch to a one-week high on Wednesday, though fears of a no-deal outcome weighed on European bourses and kept the dollar firm for the fourth day in a row. While President Donald Trump talked tough on the tra...

European shares will move in a tight range going into the year-end and throughout 2019, a Reuters poll showed, as slowing growth, political risks and worries over Washington's protectionist policies keep investors on the sidelines.European and euro zone indices have fallen 8-10 percent so far th...

Jerome Powell is somewhat of an oddity. While many U.S. Federal Reserve (Fed) chairs have been macroeconomists that sharpened their skills in academia, Powell forged a high-profile career managing specialty finance and leveraged buyout funds as a partner at The Carlyle Group. The Fed’s dual ma...

Funeral products provider Service Corporation International has seen its stock gain dramatically since early 2009, rising from below $3 to a high of $45.42 earlier this month. With the 200-day moving average providing strong support during the recent market turbulence, the shares are back near their...

The Dow closed higher Tuesday as investor concerns over trade appeared to ease after U.S. economic advisor Larry Kudlow offered some hope of a deal with China. The Dow Jones Industrial Average rose about 0.44%. The S&P 500 rose 0.33%, while the Nasdaq Composite rose 0.01%.Wall Street rebounded f...

The head of the European Central Bank is renewing his pleas to fix flaws in the 19-country euro currency, urging European leaders to adopt a central spending pot to buffer individual governments against financial crises. Mario Draghi said Monday in the European Parliament that "the euro area ne...

Speculators increased net long bets on the U.S. dollar in the latest week, according to calculations by Reuters and Commodity Futures Trading Commission (CFTC) data released on Monday. The value of the net long dollar position was $28.49 billion in the week ended Nov. 20, up from $27.11 billion the ...

Wall Street opened higher on Monday, as rising oil prices and record holiday sales helped the market.The S&P 500 rose 25 points, or 0.97%, to 2,658.12 as of 9:30 AM ET (14:31 GMT), while the Dow rallied 199 points, or 0.82%, to 24,485.34 and the tech-heavy Nasdaq Composite was up 85 points, or 1...

Some people are doing an awful lot of handwringing over plunging oil prices.They shouldn't. When oil prices take a major hit, just like we've seen recently, then stock prices should surge in short order, according to detailed historical market analysis. Here's what we know for sure. Less...

Southwest Airlines Co. (ticker: LUV) enjoys a loyal customer base. But the question is whether investors should feel the same kind of passion for LUV stock.Launched on June 18, 1971, Southwest has packed a ton of air travel experiences for its loyal consumer base for more than 47 years. The airline ...

If you’re charitably inclined and hold meaningful amounts of appreciated stock, such as shares acquired from a stock option exercise, restricted stock/RSU vesting, or ESPP purchase, donating stock instead of cash can be a smart tax-planning move. Given the changes in the rules for itemized ded...

"Microsoft Monday" is a weekly column that focuses on all things Microsoft. This week “Microsoft Monday” features news about the company passing Apple in value, the digital health feature for Launcher on Android, LinkedIn Student Voices, a bug in Windows 10 causing WMP to break...

Shares in European telecoms rallied across the board on Monday after a report saying the European Commission was set to clear a merger in the Netherlands fueled fresh optimism about deal-making in the sector. People familiar with the matter told Reuters that Deutsche Telekom is likely to win uncondi...

Many short-term buy signals and strong seasonalities have been negated as the market falls. Last week, the Thanksgiving bullish bias and a short-term buy signal were both rendered ineffective. The weekly and monthly cycles point down through November. Thus, there is likely to be another pullback pri...

China's corruption watchdog will work with the country's stock market commission to combat graft and abuse of power following a spate of violations in which companies pay officials to gain regulatory approvals, it said on Sunday. China is stepping up efforts to fight corruption in the securi...

Competition for deposits among Canada's biggest banks is heating up for the first time since the global financial crisis, leading to higher funding costs that could crimp profit growth in their domestic businesses over the next two years, analysts say. The emerging price war adds to risks cloudi...

People say stuff like "it's only downhill from here", trying to say that it gets easier. In theory, as people have had more time to climb their professional ladder, save up some money, and get comfortable in their home, it should be easier later on in life. But for older student loan b...

Wall Street bounced back on Monday, lifted by expectations that retailers raked in online sales during a prime holiday shopping period, while European stocks rallied after signs that Italy was preparing to rework spending plans that have fueled tensions with the European Union.Oil prices also recove...

U.S. futures pointed to a lower opening on Friday, as investors turned their focus to retail stocks during the Black Friday sales rush. The S&P 500 futures fell 11 points or 0.43% to 2,637.50 as of 6:41 AM ET (11:41 GMT) while Dow futures were down 134 points, or 0.55%, to 24,331.0. Meanwhile te...

Asian stocks were mixed in morning trade on Friday, with Chinese stocks down more about 2% on reports that the U.S. government asked key allies to avoid using equipment manufactured by China’s Huawei Technologies. Citing unidentified people familiar with the matter, the Wall Street Journal sai...

Founded in 1993, American technology company Nvidia Corporation (NVDA) has grown to become one of the industry leaders in manufacturing graphic processing units for computer and gaming devices as well as Artificial Intelligence and enterprise computing. The company benefited from the artificial inte...

Cryptocurrency prices slumped on Friday, with Bitcoin falling to a new yearly low.Bitcoin (BitfinexUSD) fell 4.93% to $4,378.00 on the Bitfinex exchange, as of 9:03 AM ET (14:03 GMT), after falling to a 14-month low of $4,411.00 during Asian trading hours. The digital currency is down more than 75% ...

U.S. stocks closed lower in a shortened post-holiday trading session on Friday as the energy sector tumbled on continued weakness in oil prices, and the benchmark S&P 500 confirmed its second correction of 2018.The three major U.S. indexes all fell well over 3 percent for the week, with the Dow ...

European shares resumed their downward trend on Thursday, hit by disappointing earnings updates and falling mining stocks, while the Thanksgiving holiday in the United States kept volumes thin.The pan-European STOXX 600 <.STOXX> ended the day down 0.7 percent, with most sectors trading in the ...

Trading volume is expected to remain low today, as the biggest market in the world (U.S.) is celebrating Thanksgiving. Yesterday, Wall Street closed mostly positive, but NASDAQ is the only U.S. index that is positive YTD. However, there is not much reason for excitement, as the year-to-date gains ar...

Tumbling oil prices pushed U.S. energy shares down more than 3 percent. As a result, the benchmark S&P 500 stock index ended lower to confirm correction territory, having dropped more than 10 percent from its record closing high in late September. Trading volume was light in a shortened session ...

Oil prices plunged on Friday on concerns about oversupply, sending world stock markets lower as lagging energy shares weighed down Wall Street. Both Brent and U.S. crude fell to their lowest levels since October 2017 and were on course for their biggest one-month decline since late 2014. Although th...

Europe's share markets fell back into the red on Thursday, as investor worries about slowing global growth in the face of rising U.S. interest rates and trade tensions outweighed crucial Brexit progress. Chinese markets had extended their slump in Asia amid the trade war with the United States, ...

The share price of car dealership Lookers is currently dealing at seven-month lows beneath 90p per share, reflecting the vast economic uncertainty that is affecting new and used auto sales in the UK.Some would argue that the company’s rock-bottom forward earnings multiple, at 6.6 times, means ...

Despite the latest sell-offs that have shaken big and small investors alike, Goldman Sachs has stood out for its stubborn optimism that the decade-long bull market will continue, albeit at a slower pace and with rising risks. In a recent 2019 Equity Outlook report, the firm assigned a 50% probabilit...

Auto part stocks have remained surprisingly resilient amid the S&P 500, a proxy for the broader stock market, tracking sharply lower into correction territory – down roughly 10% from its Sept. 21 high of 2,940.91. A round of better-than-expected third quarter (Q3) earnings and a perception...

Oil prices dipped on Thursday after U.S. crude inventories increased to their highest level since December 2017 amid concerns of an emerging global glut, although an expected supply cut by producer cartel OPEC prevented further drops. U.S. West Texas Intermediate (WTI) crude futures, were at $53.38 ...

As the Nasdaq extends its swoon in Tuesday morning trading, it's helpful to look at history as guide for such pullbacks. Though the markets are off their lows as of 11 a.m., a historical--as opposed to one-day--focus should be enlightening your investment decisions. The bursting of the tec...

If you need the money from your stocks in the next five years, you should sell them before they lose even more value. If you have a longer time horizon, grit your teeth and suffer patiently. Someday stocks will bottom out and keep rising if you have the stomach for it, their decline will create a gr...

SHARES OF Nvidia Corp reversed course after markets opened to gain about 2.5 percent on Tuesday after short seller Citron Research said it has bought the chip designer's stock. “Citron buys $NVDA. This is the first time in 2 years stock offers an appealing risk-reward to investors. $NVDA s...

Stocks have plummeted since the beginning of October. And that decline is a predictor of economic troubles ahead for the U.S. economy. Target Corporation (TGT) stock dropped more than 9 percent on Tuesday after the company reported higher-than-expected costs and margins and missed Wall Street earnin...

U.S. stocks dropped and the Nasdaq fell 3 percent on Monday as investors dumped Apple, internet and other technology shares, further shaking confidence in a group of stocks that has propelled the long bull market. Conflicting signals over the state of play between the United States and China on thei...

Recent returns for Americans holding foreign market investments have been underwhelming. But, it’s still a great idea to maintain a meaningful allocation to foreign markets. Compelling value The recent turbulence in the U.S. stock markets is spooking some older workers and retirees, a group th...

U.S. stocks tumbled on Monday, with the S&P 500 and Dow Jones industrial Average shedding about 2 percent and the Nasdaq down more than 3 percent. A slide in Apple's shares to their lowest since July 6 battered the technology sector on concerns about iPhone demand, with mixed signals over th...

Shares of Twitter Inc. (TWTR), which have struggled to keep up with the rest of the tech industry over the recent years, are now outperforming the broader market during a rocky time for once high flying tech companies. With shares of the social media giant already up about 15% over the recent one-mo...

On Friday, Blackberry Ltd. (BB) announced that it would acquire artificial intelligence (AI) company Cylance for $1.4 billion in cash. The deal is seen as helping the Canadian technology company carry out its transition from making smartphones to selling software and doubling down on emerging busine...

It was another rough week for the stock market as traders found more favored tech stocks to sell. The sellers hit Apple, Inc. (AAPL), which lost another 9% during the first three days of the week. From the Wednesday low of $185.93, it rebounded to close the week at $193.53, but is still down 16.9% f...

Now is a perfect time to take advantage of the best relative valuations in 20 years. For a variety of reasons including strong dollar, and a later recovery than America from the unfortunate events of 2008 and 2009, foreign stocks are on sale. It’s counterintuitive to hold or purchase stocks th...

Asset management firms are in the business of managing money on behalf of institutional clients -- typically pension funds and mutual funds. They operate as investment advisors that purchase and sell financial instruments, with a fiduciary responsibility to generate the best possible returns f...

S&P 500 companies have set another record in share repurchases in the third quarter and look on track to break above $200 billion in buybacks for the quarter, according to an S&P Dow Jones Indices analysis. Even with more earnings reports to come for the third quarter, buybacks by S&P 50...

No cause has been determined, but speculation has centered on PG&E, which reported an outage around the time and place the fire ignited. Late Thursday, California Public Utilities Commission President Michael Picker sought to calm financial markets by indicating support for the continued viabili...

Analysts highlighted three key drivers of growth for the low-cost trading platforms, including "healthy asset and account growth," boosted by a trend toward independent advice and low-cost trading. As Millennials grow their wealth and look to invest in the market, many are choosing from a ...

Shares of Tesla Inc. (TSLA) have advanced 40% since October 8 as the broader S&P 500 has fallen 6%. Now, technical analysis suggests that the stock may rise 11% back to its previous highs from its current price of $352 in mid-afternoon trading. The stock's significant advance is a result of ...

Investors seeking out bargain buys in the midst of an increasingly volatile market this year, threatened by rising interest rates, global trade tensions, and geopolitical instability, should consider buying casino stocks, according to one team of analysts on the Street. Market Has 'Overly Penali...

Wall Street capped a day of volatile trading with a late-afternoon buying spree that sent U.S. stock indexes to a mostly higher finish Friday. Despite the 11th-hour rally, the benchmark S&P 500 index ended with its second weekly loss in four weeks. Gains in health care and energy companies power...

Applied Materials, Inc. (AMAT) manufactures computer chips, and the stock has gone from being in an "inflating parabolic bubble" a year ago to being "too cheap to ignore" now as the company reports quarterly results. During the week of Nov. 17, 2017, the stock had a stochastic re...

Dell Technologies on Thursday raised its offer to buy back shares tied to its interest in software maker VMware to $23.9 billion from $21.7 billion, prompting billionaire investor Carl Icahn to abandon his campaign to scupper the deal. The acquisition of the publicly traded tracking stock will resul...

Blue Apron Holdings Inc on Wednesday said it plans to cut marketing spending, sacrificing possible revenue growth to focus on promoting its meal-kit delivery service to its highest-paying, most profitable customers. Shares of Blue Apron slid more than 10 percent after the move was revealed in an ear...

It's been a bumpy year for Boeing Co. (BA) amid broader market volatility and company-specific headwinds. This week, shares of the jetplane maker continued to fall on bad news for its 737 model, tumbling over 5% in just two days. The Dow Jones Industrial Average (DJIA) stock now faces a critical...

Shares of Goldman Sachs Group Inc. (GS) have fallen 25% from their March highs, a precipitous decline for a stalwart of the banking industry. That amounts to tens of billions of dollars in lost market value for investors in one of Wall Street's venerable banks. Now, things may get worse as the b...

AFTER MONTHS OF speculation and competition, Amazon.com (Nasdaq: AMZN) announced on Tuesday that its second headquarters will be split between Arlington, Virginia, and New York City. Analysts say the new locations will give the company critical access to two of the largest financial and political hu...

FIRST, A POINT OF clarification: Neil Sedaka is a singer-songwriter, not a stock analyst. But the title of one of his ditties contained enough wisdom to easily inspire a thesis in behavioral finance. That is: Breaking Up Is Hard to Do. Or if you like: Divesting one's portfolio of sow's-ear s...

The Dow and S&P 500 ended slightly lower on Tuesday following losses in energy shares and Boeing, offsetting a small gain in technology stocks and renewed hopes for progress in trade talks.
The Nasdaq ended the session essentially flat as a rebound in tech kept the index out of negative t...

Tesla Inc.'s (TSLA) stock has risen 40% since October 8 during a time that both the NASDAQ and the S&P 500 have dropped by about 4%. Some options traders are betting that Tesla's recent rally continues and the stock rises an additional 12% to reach a record high before the end of 2018.Di...

LESS THAN THREE WEEKS before American retailers and shoppers kick of the massive Black Friday holiday sales event, Alibaba Group Holding Ltd (NYSE: BABA) reported a record $30.8 billion in gross merchandise volume (GMV) for its Singles Day shopping event over the weekend. Analysts say long-term inve...

If I had to describe Halla Tómasdóttir, businesswoman and entrepreneur who ran for the Icelandic Presidency in 2016 and now works for The B-Team in New York trying to engage in a dialogue with corporates to change their business cultures, two words spring to mind: inspiring and visiona...

The midterm elections failed to deliver any major surprises, which helped stocks move higher last week. At the same time, the Federal Reserve kept interest rates steady in a widely anticipated decision. The central bank noted that economic activity and the job market remain strong. Investors expect ...

JD.com Inc.'s (JD) stock has had a terrible 2018 declining by 46%, but now options traders are betting the stock falls by 12%. Technical analysis also supports the stock dropping further in the coming weeks. The reason for the bearish outlook is what is forecast to be a weak third quarter for th...

Unusual trading signals in individual stocks have historically been able to forecast a market about to fall. These warnings also provide a heads-up for opportunistic entry points. On Oct. 12, we published an article saying we expected the markets should fall an average of 5.29% and that it should ta...

Yelp Inc (NYSE: YELP) stock fell 31 percent on Friday after the company reported a third-quarter revenue miss and cut its full-year guidance. The market severely punished Yelp stock for the bad report, and analysts say investors should stay away from the stock until the company shows signs that its ...

Mergers and acquisitions have been proceeding at a torrid pace, and the health care sector may be an especially active area for future consolidation. In the first half of 2018, the value of M&A deals hit all-time records both worldwide and in the U.S., up by 64% and 79%, respectively, from the f...

Biotech stocks may be nearing a significant break out using the SPDR Biotech ETF (XBI) as a proxy. Three stocks that are also breaking out are Agios Pharmaceuticals Inc. (AGIO), Esperion Therapeutics Inc. (ESPR) and Vertex Pharmaceuticals Inc. (VRTX), and they may be poised to rise by as much as 17%...

An oft-repeated maxim is that the stock market hates uncertainty, and a major cause for uncertainty has been resolved, given that the U.S. midterm congressional elections are now behind us. If history is a guide, investors should expect the S&P 500 Index (SPX) to advance over the next 12 months,...

Gains of 27.66% the past three months for shares of Starbucks Corporation (SBUX), 15.78% for Walmart Inc. (WMT) and 6.51% for The Coca-Cola Company (KO) tell a story of unusual bullish trading activity accompanying the moves. The main criteria we look for when betting on upside in a stock are improv...

STATE-LEVEL ENERGY policies on the ballot in Colorado, California and Washington will impact 17 energy stocks, as some have already lost billions of dollars in market capitalization. The impact of these stocks, including both small- and large-cap equities, includes a Colorado proposition that would ...

Micron Technology Inc.'s (MU) stock already has staged a precipitous decline, dropping 36% from its May high. But technical analysis suggests the stock is headed lower, by about 9% in the coming weeks. Options trades support that, and indicate the stock will fall 8%. The bearish sentiment reflec...

Short sellers targeted U.S. defense stocks in October, driving the iShares Dow Jones US Aerospace and Defense Index ETF (ITA) to a 10-month low. Few components have been spared in the volatile downdraft, which has also affected mega caps The Boeing Company (BA) and Lockheed Martin Corporation (LMT)....

Square Inc. (SQ) stock has fallen by 21% from its 2018 high. Now options traders are betting the stock falls by as much as 11% more following its earnings results. The share fell sharply amid a broader technology led stock market sell-off. The stock was also weighed down when the company announced i...

US-CHINA TRADE: Global markets rose Friday after President Donald Trump said that he talked to his Chinese counterpart Xi Jinping about trade. Trump added that the discussions were "moving along nicely" ahead of a planned meeting at the Group of 20 summit later this month. Larry Kudlow, a ...

Apple Inc. (AAPL) shares sold off more than 6% on Thursday evening, dropping toward $207, after the tech giant beat fiscal fourth quarter profit and revenue estimates while guiding down first quarter margins and revenues. More importantly, the company advised that it would no longer provide quarterl...

Shares of global e-commerce leader Amazon.com Inc. (AMZN) have taken a beating on weaker-than-expected top line numbers and guidance in the third quarter. While investors sent shares down as much as 10% on the back of earnings results, analysts on the Street have largely remained bullish regarding t...

While domestic stocks remain dangerously overvalued, emerging market stocks appear undervalued. Some have asked what the one stock to buy in the emerging-market universe would be. For a value investor, the answer might be surprising: Tencent, a tech company. Tencent is a Chinese internet behemoth wi...

The biggest buyers of stocks are coming back. More than any other group, companies themselves are the largest purchasers of their own shares. But they were notably absent from the market the last few weeks, just as stock prices were tumbling on worries about global trade and rising interest rates. B...

Many investors are shaken coming off a rocky month for U.S. equities, in which the market lost a whopping $2 trillion in October. For those unaccustomed to such massive market swings having reaped healthy returns during the near 10-year bull market dividend plays may serve as more nerve-calming bets...

In a speech at the U.S. Department of Health and Human Services (HHS) on Oct. 25, President Trump detailed how he intends to reduce pharmaceutical prices. His administration plans to establish an "international pricing index" that links the price of certain drugs to what other developed na...

As the stock market bull potentially nears the end of its run and we head into the last two months of 2018, many investors are making adjustments to their portfolios. Over the course of my travels and in conversations with other industry experts, I’m constantly reminded the importance of:&nbsp...

Facebook Inc. (FB) shares got a boost on Wednesday after the social media giant posted its most recent quarterly earnings report. A generally upbeat response to the results on the Street comes as a breath of fresh air for the Silicon Valley tech titan, which has struggled with a series of scandals i...

Already stocks have had a volatile fall, but it could get even worse. That’s because a change in the bond market is pointing to a sharp decline in stocks unless something changes, according to one analyst. The reason why savvy investors watch the bond market is that buyers of fixed-income secu...

EARNINGS SEASON HAS been rocky for major U.S. tech companies, and Apple, Inc. (Nasdaq: AAPL) investors are likely uneasy heading into the company's third-quarter report on Nov. 2. However, analysts say the newest generation of iPhones have been a big hit, and Apple will likely issue some impress...

Advanced Micro Devices Inc. (AMD) already has fallen 45% off its 2018 highs - and now it's poised to plunge even further. Options traders are betting that the stock will drop another 11% in the next few weeks. Such a decline would push down the shares 53% from their 2018 high, a stunning decline...

Shares of Ford Motor Co. (F) spiked Monday morning following an upbeat note from one team of analysts on the Street who views recent weakness as an opportunity to buy shares of the beaten down automaker at a discount, as reported by CNBC. Cash Restructuring, Refreshed Product Cadence to Lift Legacy ...

Shares of Netflix Inc. (NFLX), down nearly 20% in the one-month period through Friday close, can double from $300 to $600 by 2021, according to one bull on the Street, and as outlined by CNBC. Netflix Has Already Won the Streaming Game, Writes Bull. The Los Gatos, Calif.-based on-demand entertainmen...

Let’s face it, though the subject attracts a lot of attention, we aren’t on a firm footing in truly understanding extreme events, such as market crashes. Many approaches to stock market analysis are statistical. This makes sense. Investing is rife with numbers and data and lots of time p...

Here are a pair of stocks that are likely to outperform. Discovery Communications is generating a weekly buy signal now. Ten of the last thirteen buy signals over the last 12 months have been profitable. Note that the relative strength has been strong during the October decline. This stock is likely...

The technology-heavy Nasdaq is a scary place to have your money these days. It is beginning to look like the last days of the dotcom bubble back in the early 2000s. Popular stocks are failing to make new highs, selling is in the news, and the “buying in the dips” strategy has been replac...

Now that we've seen selling and some stock market indices are back to levels they started the year with, you can find a value stock here and there. By value stock, I mean the kind of thing that Benjamin Graham and his student Warren Buffett used to look for: with a lower-than-the-market price/ea...

This Level of Overselling Likely to Result in Double Digit Rally. Bank stocks have been hit hard by the recent global sell-off, underperforming the broader market despite potential upside from rising interests’ rates and strong earnings. This week, the XLF financial ETF fell to a 13 month low,...

The falling stock market has sent some investors stampeding for the exits, but options traders have been making big bets that some stocks are likely to score big gains by January. Among these stocks are, per a study by Goldman Sachs as summarized by Business Insider: Navistar International Corp. (NA...

Investors have been rattled by major market pullbacks this year and are looking nervously towards 2019. They might pay close attention to the concerns voiced below by Christophe Barraud, the Paris-based chief economist and strategist at global broker-dealer firm Market Securities. Bloomberg has rank...

A gain of 12.31% the past three months for shares of McDonald's Corporation (MCD) tells a story of unusual bullish trading activity accompanying the move. The main criteria we look for when betting on upside in a stock are improving fundamentals, leading technical and bullish trading activity in...

Amazon.com, Inc. (AMZN) reports earnings after the closing bell on Thursday, Oct. 25. The stock closed Wednesday, Oct. 24, at $1,664.20, which is right on the 200-day simple moving average. Following a correction of 18.8% from its all-time high of $2,050.50 set on Sept. 4, the stock remains up 42.3%...

Sell-Off Will Take 14 to 16 Weeks to Work Itself Out. Just months after setting all-time records, the blue-chip S&P 500 is sinking on a handful of concerns including heightened global trade tensions, rising interest rates, lackluster earnings, and mounting regulatory pressure on once high-flying...

U.S. FUND investors intensified their onslaught on the stock market in the latest week, pulling out the most cash since June as investors fretted about interest rate hikes, Investment Company Institute (ICI) data showed on Wednesday. More than $12.8 billion slipped out of U.S.-based equity mutual an...

The new 52-week high list has been pretty scarce as of late, but Verizon Communications Inc.'s (VZ) earnings announcement propelled its stock above an important level of resistance to 17-year highs, signalling that further upside may be be ahead. Below is the daily chart of Verizon, showing a ch...

With the stock market engulfed in turmoil and increased volatility, investors may be on the lookout for stocks that can deliver big short-term gains. In that vein, Morgan Stanley has compiled a "conviction list" of stocks for which there is a high likelihood, in their analysts' opinion...

At first glance, it would seem that the cryptocurrency market is dead. Valuations for major coins at exchanges are off by more than 50% since the start of this year. After setting records, the initial coin offerings (ICO) market has cooled down and investment has dropped to all-time lows. But one co...

Companies across the sector suffered losses on Monday. The ETFMG Alternative Harvest ETF (MJ) fell 9.4% at the close after 28 of its 37 components ended the day in the red, reported MarketWatch. A particularly torrid day on the markets for the three biggest pot stocks, Tilray Inc. (TLRY), Canopy Gro...

Tech stocks have taken a beating recently, sending the Nasdaq 100 Index (NDX) plummeting by 8.6% from its all-time high on Oct. 1 to its low on Oct. 10, based on intraday prices. Counter to growing skepticism about the outlook for tech stocks, Piper Jaffray sees a buying opportunity, Barron's re...

The Federal Reserve is raising the federal funds rate, which is supposed to benefit regional banks, but that has not been the case. Conventional wisdom does not work when the banking system has experienced a credit crunch, a zero percent funds rate, three waves of quantitative easing, and now a long...

Leland, an American who joined Goldman in 1992, will replace Andrea Vella and Kate Richdale who were appointed co-heads of the unit in 2015.Vella and Richdale will remain in the region to become the co-chairs of the unit, said the memo sent to the bank staff and seen by Reuters on Monday. Leland was...

Chip stocks have been battered in 2018, with the PHLX Semiconductor Index falling 14% off its highs. Some stocks are down even more, with Teradynye Inc. (TER), Maxim Integrated Products Inc. (MXIM), Marvell Technology Group Ltd. (MRVL) down by as much as 36%. Now, that momentum is shifting and these...

Online payment industry giant PayPal (PYPL) proved to the Street last week that it can maintain its leadership in the ever-evolving fintech space and ward off new competition from rivals including Jack Dorsey's Square Inc. (SQ). Shares of the San Jose, Calif.-based tech company spiked over 9% on...

U.S. stocks closed lower after choppy trade on Monday, as some investors showed signs of earnings season nerves, while political worries in Europe led the dollar to strengthen against the euro and sterling. The euro continued its slide on uncertainty over Italy's budget and the British pound fel...

One in 300 million. The odds aren’t great, but your chances of winning the massive Mega Millions lottery are as good as the next person. The current jackpot is estimated to be more than $1.6 billion. That is 1,600 million for those who are used to seeing smaller prizes. According to the USA Me...

There’s a widespread belief that stocks and funds can deliver red-hot capital gains or substantial income, but not both. Fortunately for us that’s not true. It is possible to collect big dividends and capital appreciation. I’m going to show you how to safely collect 32% in total re...

The final three months of the year are seasonally strong for utility stocks. Since 1969, the Dow Jones Utility Average (DJUA) has posted positive returns in 39 Octobers and 40 Q4s, including (barely) last year. Many large institutions will shift funds to sectors considered defensive in order to lock...

Two high-flying cloud stocks are set to soar even higher, despite the recent pullback in the tech sector and expectations that it may continue to lag the broader market. Both Adobe Systems Inc. (ADBE) and Workday Inc. (WDAY) are handily outperforming not just the S&P 500, but also the Nasdaq Com...

The "Trump bump" sent financial stocks on a 14-month rally as Wall Street cheered the President's election promises to slash company taxes, reduce regulation and ease strict bank lending rules. The euphoria surrounding the financial sector came to an end in early 2018 as investors felt...

The dollar eased from one-and-a-half week highs against a currency basket on Thursday, but remained supported as the minutes from the Federal Reserve’s September meeting indicated that it plans to push ahead with rate hikes in the coming months. The U.S. dollar index, which measures the greenb...

Advanced Micro Devices Inc. (AMD) stock already has fallen into a bear market, down 22% from its intraday high last month. But the heartburn isn't likely to end anytime soon for investors in AMD. The stock faces massive volatility in the coming weeks as options traders anticipate 20% gains - or ...

A U.S. stock market crash is a real possibility. It's been a long time since we have been in an environment where this was on the table. For those of you who know me, I think I've proven that I'm not one of these end-of-the-world guys. We can probably all agree that I call it like I see ...

Major banking funds have broken key support levels and dropped to 2018 lows, overwhelmed by eight Federal Reserve rate hikes and the most recent market swoon. This price action sets the stage for critical testing at 2016 breakout levels, which mark the nexus between long-term bull and bear markets. ...

As the stock market recovers from its recent pullback, many investors are breathing a sigh of relief, and some market pundits are forecasting more gains ahead. However, Morgan Stanley's U.S. equity strategy team sees major risks ahead for the market as a whole, and for 3 key sectors in particula...

As part of a plan to put all property transactions into the digital realm, a department of Australia's New South Wales (NSW) government is turning to blockchain technology. With the state having ordered the digitization of all property transactions from July 1, 2019, NSW Land Registry Services t...

The break below key levels of support earlier this year on the charts from across key segments of commodities such as forestry products and basic materials has dominated the attention of active traders, but as of late, it appears as though the story is now changing. In the paragraphs below, we'l...

Interest rates have begun rising again, and this is bad news for most stocks, as companies’ borrowing costs increase, and as a higher discount rate means that the present value of expected future earnings declines. Additionally, rising bond yields make fixed income investments a more attractiv...

International Business Machines Corp.'s (IBM) stock has dropped by more than 8% since the start of October along with the broader market sell-off. Some options traders are betting that the stock will rebound by up to 7% from its current price of $141.50 even amid forecasts that IBM will an...

U.S. stocks ended lower in a choppy trading session on Monday, dragged down by technology stocks amid lingering worries over interest rates and corporate earnings. The benchmark S&P 500 index teetered between positive and negative territory for much of the day but moved definitively lower in the...

Bond traders will look to key Federal Reserve speakers this week for any signs that officials are wavering from their plans to keep hiking rates gradually after U.S. stocks suffered their worst weekly sell-off since March. In the first quarter, the Fed looked past a tumble in the S&P 500 Index t...

CommerceWest Bank helped Augie's Quest Provide ALS Research. ALS, also called Lou Gehrig's disease, is a neurological disease that causes dysfunction in the nerves and causes the brain to lose its ability to initiate and control muscle movement. Augie's Quest is dedicated to findin...

Investors searching for perpetrators and victims in this week’s U.S. stock market selloff pointed to a familiar source: number-crunching fund managers and machines. The benchmark U.S. S&P 500 stock index .SPX marked its biggest one-day fall since February and added to those losses on Thurs...

The stock market's sharp downdraft and rising volatility are prompting many investors to look for stocks that are most likely to buck the tide in the short term. They might consider the most recent "conviction" list from Morgan Stanley. "Our analysts believe that one or more immin...

Citigroup Inc. (C) is the fourth largest of the four "too big to fail" money center banks and has total assets of $1.398 trillion at the end of Q2, down from $1.407 trillion in Q1 2018. This continues a troubling trend in which the nation's biggest banks are reducing lending. Based on ...

The current bull market has been led by growth stocks, but a major shift in the markets may be underway. In a recent report, Morgan Stanley's U.S. equity strategy team led by Michael Wilson says, "The decade-long run of Growth versus Value may finally be at risk of turning on a more sustain...

The nine-year-old bull market in U.S. stocks has been dominated by growth and momentum plays, such as the popular FAANG group of stocks. These momentum stocks have significantly outperformed value stocks, and Oppenheimer analyst Ari Wald says there’s no reason for investors to be fearful of mo...

Cryptocurrency bitcoin's price has dropped in 2018 after reaching record-setting price levels in 2017. However, even seasoned investors may be reluctant to get involved in direct investments relating to cryptocurrencies, or digital currencies, since they're usually highly speculative, the ma...

Facebook Inc. (FB) has fallen out of favor with many investors in recent months as the shares fell more than 25% from their record high back in July. But Facebook has the potential to rise sharply even as analysts slash their price targets. Argus Research’s Joseph Bonner, for one, thinks the s...

Retail stocks sold off to multi-month lows last week, defying strong consumer spending driven by a surging U.S. economy and the lowest unemployment rate in decades. The twin headwinds of rising wages and falling margins are to blame, dropping this recently resurgent group into an intermediate correc...

Shares of General Electric Co. (GE) jumped in pre-market trading on Monday on an upbeat note from one team of bulls on the Street who expect the industrial conglomerate to recover some of its losses after an executive shakeup. In a note to clients on Monday, Barclays upgraded shares of the Boston-ba...

Google plans to unveil an array of new products, and trade and U.S.-China tensions are expected to be discussed at the I.M.F.-World Bank meetings. At least one prominent economist will enter the pantheon of Nobel laureates on Monday, when the Sciences announces the winner of the 2018 Nobel Memorial ...

For many people in the United States, debt is overwhelming. Establishing good habits to combat this can be easier said than done. Ditching a fixed mindset (the belief that one's abilities and basic qualities are simply fixed traits) and developing a growth mindset (the belief that one's skil...

The rising interest in and demand for cryptocurrencies have made it a hot property and everyone wants to have a share of it. The shine of cryptos is so bright that traditional financial institutions and banks too are partnering with crypto businesses and exchanges. According to a recent twitter post...

Shares of semiconductor companies fell on Thursday following a downbeat report from analysts at Deutsche Bank who cut their 2019 earnings estimates by 5% on average for eight chip stocks, as outlined by CNBC. The Philadelphia Semiconductor Index (SOX) fell 1.8% on Thursday amid a broader sell-off fo...

China is the biggest foreign holder of U.S. debt, in the form of U.S. treasury notes. A title it took back from Japan, in August of last year. No doubt they would eventually love for the Yuan to become the exclusive Global Reserve Currency. No doubt they are tired of watching the U.S. beat their che...

Gemini Exchange, a leading digital asset exchange owned by the Winklevoss twins Cameron and Tyler, announced that the company has secured insurance coverage for digital assets in its custody through a global consortium of industry-leading insurers. The insurance is arranged by Aon PLC, a London, UK-...

The once red-hot semiconductor sector is slowing down, with one team of analysts cutting their chip stock estimates for the first time in three years. In a recent research note, Morgan Stanley analyst Craig Hettenbach lowered his estimates for the chip sector in the fourth quarter and the year ahead...

So far in 2018, U.S. stocks have delivered gains far in excess of leading markets abroad, and the performance gap widened in the third quarter. In the process, the valuations of U.S. stocks have become much richer than those of key overseas indexes, trading at their highest premiums since 2009, per ...

Emerging market currencies were lower in Asia on Thursday amid continued dollar strength after markets were buoyed by solid US economic data overnight. The dollar index, a measure of the greenback against a basket of peers was 0.3 per cent higher at 96.046, a six-week high. The Indonesian rupi...

Each time a conversion is made from a cryptocurrency to a government-issued currency, a “vulnerability” is created that can help track transactions, a U.S. Immigration and Customs Enforcement (ICE) official reported. Matthew Allen, an assistant director of domestic operations with the Ho...

Group-IB, an international company specializing in preventing cyberattacks, introduces Secure Bank to the international market. Secure Bank is a product catered to financial institutions that aims to prevent client-side fraud and attacks across sessions, platforms, devices, channels, and entit...

A gain of 35.7% in 2018 for shares of Microsoft Corporation (MSFT) tells a story of unusual bullish trading activity accompanying the move. In fact, Microsoft is a regular household name for Mapsignals, and I even suggested the stock as a buy opportunity in a post back in March. Since I wrote that a...

EUR/USD extended lower in early trading on Tuesday and is on track to close a fifth consecutive session in the red. However, the pair is seen holding above a well-respected support level that may lead to a near-term bounce.The currency pair posted a high just above the 1.1800 handle ahead of last we...

Institutional investors are becoming more involved in the $220 billion cryptocurrency market than many observers may realize.Buyers such as hedge funds have replaced high-net-worth individuals as the biggest buyers of large swaths of digital coins worth more than $100,000 through private transaction...

Advanced Micro Devices Inc.'s (AMD) stock has more than tripled since the start of the year. Now with the third quarter over and results coming in over the next few weeks, uncertainty looms large. The options market is pricing in a massive level of volatility over the next weeks with the potenti...

Ripple’s XRP briefly overtook Ethereum’s ether over the weekend to become the world’s second most valuable cryptocurrency. A 7% surge in XRP’s value on Sunday morning boosted its value to $24.6 billion, enough to leapfrog ethereum’s ether which had a market capitalizati...

The Independent Bankers Association of Texas (IBAT) the largest state community banking association in the nation recently honored Woodforest National Bank with two Best of Community Banking (BOCB) Awards. It received a gold award as well as the "Best of Show" award, which is the competiti...

Money laundering is a multi-bank phenomenon. Danske Bank Estonia has been revealed as the hub of a $234bn money laundering scheme involving Russian and Eastern European customers. But Danske Bank Estonia couldn’t do this by itself. Much of the money was paid in U.S. dollars, and for that, it n...

In their relatively short existence, cryptocurrencies have managed to rack up trading volumes that would be the envy of ordinary stocks. Consider that bitcoin, which was introduced to the world in 2009, has had trading volumes of between $3 billion to $6 billion per day in the last three months. The...

Nvidia Corp.’s (NVDA) stock may be ready to rise by about 9% in the coming weeks based on technical analysis. Nvidia stock has had another solid year, with the shares soaring by over 38% on strong revenue and earnings growth driven from its gaming and data center business. Analysts see the sha...

The prospect of regulation in cryptocurrency ecosystems around the world is making tech behemoths reconsider their bans on advertising for crypto-related products. Alphabet Inc. subsidiary Google (GOOG), which had banned cryptocurrency ads from its platforms, partially lifted it this week. In ...

Chip stocks have struggled in recent months and are trading nearly 6% below their 2018 highs as the broader market has posted new records. The worst may be far from over. Technical analysis suggests the chip stocks, as measured by the VanEck Vectors Semiconductor ETF (SMH), are poised to drop anothe...

Netflix Inc.’s stock (NFLX) fell hard after the company reported less than stellar subscriber additions in July, causing shares to plunge by over 20% from its highs. But shares have rebounded by over 17% since the middle of August. Now technical analysis is suggesting the stock rises by as muc...

Nike, Inc. (NKE) the iconic retailer of athletic footwear and apparel and component of the Dow Jones Industrial Average is the first to report earnings for its latest quarter. This is for the quarter ended in August, not for the quarter that will end in September. The stock closed Friday, Sept. 21, ...

XRP surged 30% on Friday on optimism that Ripple is likely to launch a service that would use the virtual coin “in the next month or so. Bitcoin traded 2.5% higher to $6,553.3 at 12:10AM ET (04:10 GMT) on the Bitifinex exchange. Ethereum surged 7% to $224.03 in the previous 24 hours. XRP spike...

Macy's Inc.'s (M) stock has plunged by more than 16% since reporting quarterly results in August. Now shares may fall even further based on technical analysis, by as much as 9%, from its current price of about $35.15. Should that happen, the stock would enter a bear market, with the shares d...

The Wall Street Journal reports that the New York attorney general's office has some strong opinions when it comes to digital currency exchanges. The office issued a report this week which criticizes many (though not all) exchanges for lacking basic consumer protections. The report suggests that...

PayPal Holdings Inc. (PYPL) has soared 20% this year even as the stock has swung wildly up and down along the way. Now, PayPal is poised to climb even higher, by about 8% by the middle of October based on bullish options bets. PayPal reports earnings during that period. Options traders were bullish ...

Citigroup Inc.'s (C) stock has fallen about 11% off its highs this year amid growing concerns about the outlook for America's biggest banks. That may be just the beginning. According to a technical analysis, the bank's shares may plunge an additional 10% from their current price of aroun...

Dow component McDonald's Corporation (MCD) has struggled so far in 2018, falling more than 8% since the first trading day of January, in stark contrast to 2017's outstanding 41% return. The stock has had plenty of opportunities to attract committed buyers in recent weeks, with blue-chip indi...

Shares of social media company Twitter Inc. (TWTR) are down 4.5% on Monday morning following a downbeat report from one team of analysts on the Street who expect the stock to suffer as investors take into account growing costs necessary to ward off new competition and appease regulators. In a note t...